California Health Facilities Financing Authority
Standard Bond Financing Program
This program provides a borrower with access to low interest rate capital markets through the issuance of tax-exempt revenue bonds. Proceeds from the loan may be used by eligible borrowers to fund construction/renovation projects, land acquisition for future projects, acquisition of existing health facilities, refinancing of existing debt, working capital for start-up facilities and pay costs of issuance. Given the cost of issuing bonds, this is the option usually pursued by borrowers with capital projects in excess of $5 million.