Central Florida HealthCare: 4 locations in Central Florida (Closed October 2015 and Current Transaction)
Capital Peak Partners represented Central Florida Health Care (CFHC) to close a $14.9 million Federal and State New Markets Tax Credit allocation loan for the acquisition and substantial rehabilitation of four Federally Qualified Health Centers totaling 48,000 square feet in central Florida. CFHC has operated for 42 years in South Central Florida and founded to provide healthcare for primarily migrant workers in rural Florida. The organization has expanded to serve over 30,000 patients annually across 3 counties; 29% of whom are uninsured. Florida Community Loan Fund provided $8.5 million in Federal NMTCs and $6.4 million in Florida NMTCs. The investor is U.S. Bancorp Community Development Corporation. Whitney/Hancock Bank is an additional lender on the project.