Orthopaedic Institute for Children: Los Angeles, CA (Closed April 2017 and Current Transaction)
Capital Peak Partners represented The Orthopaedic Institute for Children (OIC) to close a $24.5 million New Markets Tax Credit loan for the new construction/substantial rehabilitation of their facilities. The NMTC loan funded a series of new construction projects on its downtown Los Angeles campus including a new urgent care center, physical therapy department and research laboratories. The NMTC financing for the project was funded by three Community Development Entities (The Los Angeles Development Fund, Urban Research Park CDE and Chase New Markets Corporation) with Chase Bank as the tax credit investor.
Press Release: (https://www.businesswire.com/news/home/20170411005726/en/Orthopaedic-Institute-Children-Announces-24.5-Million-Construction) and (http://www.ladfnewmarkets.org/index.php/orthopaedic-institute-for-children-project).