Healthcare Loans | North Avenue Capital

Quality Financing for Leaders in Quality Care

Never has the world been more acutely aware of the vital role of healthcare workers in society than right now. The last several months have revealed the difficulty of establishing healthcare infrastructure, the scarcity of healthcare workers, and the importance of it all.

In rural America, healthcare needs are no less significant, yet ensuring equitable care can be much more burdensome. Emergency rooms depend upon the same state-of-the-art equipment. Pharmacies require the same stockpiles. And yet the resources available to secure such infrastructure are anything but equal.

Funding the construction and operation of healthcare facilities, hospitals, and pharmacies is a complex endeavor with massive implications. The sector accounts for a whopping 18% of American GDP -- and its share continues to expand.

Those planning a healthcare project in rural America face additional scrutiny from traditional lenders that often culminates in a drawn-out rejection. NAC specializes in USDA-backed loans to rural America and understands the unique challenges and opportunities its developers face. Looking for a loan of $2 million to $25 million? We’ll be honored to serve.

“Times of economic uncertainty also create opportunity,”  Riley Sorensen, owner of the Home Hotel, stated.  “We’re excited that North Avenue caught our vision for this project and stood with us to see it through.”

Borrower Spotlight: Home Hotel

Home Hotel was built in 1918 and still retains its historic 100-year-old faćade, while the inside boasts stylish and comfortable rooms that are an added bonus to the relaxing retreat of the Lava Hot Springs area.  The hotel is also the only hotel in the area to offer hot mineral non-sulfuric water into its rooms for guests to use in their large soaking tubs, and it is located closest to the city’s hot mineral pools.

The proud owners have over 50 years of combined experience in hospitality and hotel management, giving them the advantage they need to not only apply for a loan during the economic impact of COVID-19, but also run and maintain a boutique hotel in a sought out industry.  

Who is North Avenue Capital?

North Avenue Capital, LLC (NAC) is a specialized commercial lender committed to excellence in every aspect of the debt-financing process with a focus on partnership, communication, and execution.  

As one of the only non-traditional lenders in the country exclusively focused on USDA Rural Development programs, NAC uses its expertise, capital, and relationships to build businesses, grow local economies, and create jobs in rural America. 

Why Choose NAC as Your Lender? 

availability of capital 

NAC can lend up to $25MM per project, substantially more than traditional financing sources focused on rural communites.  

Construction Perm Loans

NAC originates interest-only construction loans, with preset conversions to permanent debt, saving borrowers from multiple closings and eliminating uncertainty, changes in terms, and equity calls. 

Early stage business

NAC works with a diverse spectrum of companies, including start-ups, projection based businesses, and niche industries that are often unable to obtain conventional debt. 

simplified loan structure

NAC specializes in consolidating multiple types of debt into a single loan structure, that is fully amortized, non-callable, with no balloon payments over time.

Connect with a Loan Specialist

Are you ready to connect with a Loan Specialist?  We are eager to connect. Our goal is to get back to you in less than 10 minutes.  

Apply for a Loan from NAC (Healthcare Loan)

  • *Be advised, we do not fund loans under $2 MM. We will try to find the best lender to fit your needs.