California Health Facilities Financing Authority

Healthcare Expansion Loan Program II (HELP II)
Frequently Asked Questions (FAQ)

FAQ Index


Benefits and Terms

What benefits does CHFFA offer to qualifying non-profit health facilities?

CHFFA offers flexible loan terms, minimal loan fees, no prepayment penalty, an easy application process, and a dedicated and knowledgeable staff.

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How do I determine my monthly payments?

2% Interest Rate Schedule for equipment and furnishings; and purchase, construction, and renovation of real property

3% Interest Rate Schedule for refinancing

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What is the repayment period for a HELP II loan?

  • Property acquisition, construction, and renovation loans are limited to a maximum of 20 years.
  • Refinancing loans are limited to a maximum of 15 years.
  • Equipment loans are limited to a maximum of 5 years.

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Does CHFFA require a 5% down payment or other borrower’s contribution?

Borrowers must contribute a minimum of five percent (5%) toward project costs. This five percent (5%) must be in the form of cash or documented project expenditures, subject to Authority approval. For refinancing transactions, the five percent (5%) may come from the equity in the property.

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