“Whether organized as a not-for profit, physician-owned, or other privately-owned healthcare facility, we have the ability to provide straight forward working capital lines of credit as well as more complex structures involving real estate or cash flow term loans to those facilities based on historic and projected cash flow multiples,” says Todd Gordon, a director in CapitalSource’s Healthcare Credit Group “On the hospital side, we’re involved with general acute care, specialty services, psychiatric and many others types of providers.”
The company is seeing development of healthcare facilities, including many that are physician-owned, in several parts of the country, including new projects in growing major metropolitan areas.
“CapitalSource has a heavy emphasis on lending into the healthcare industry, with a great deal of its current efforts and resources focused in this area,” says Steve Anderson, who is also a director in CapitalSource’s Healthcare Credit Group. “Management’s commitment to providing creative financing solutions to the healthcare industry dates back 15 years.
“We like the fundamentals of healthcare services and are invested in it deeply and will continue to lend into the industry,” he says. “It’s what we know and have done best over the years.”
CapitalSource has approximately $13.7 billion of commercial assets, including a healthcare net lease portfolio of approximately $1 billion. In July, the company acquired the bank branches and deposits of Fremont Investment & Loan and its 22 retail banking branches which were re-branded under the name CapitalSource Bank. CapitalSource operates principally through its CapitalSource Bank subsidiary which had approximately $5 billion in deposits as of September 30, 2008.
To learn more about CapitalSource, visit www.capitalsource.com or for more information contact Mr. Anderson at (312) 706-2110.
