Columbia Valley Community Health
Application Acceptance: December 9, 2021 Please note all information provided below is as of the date of the application submission with the exception of Loan Size & Closing Date.
Obligor: Columbia Valley Community Health (CVCH) is a Federally Qualified Health Center providing adult and pediatric primary care including urgent care, midwifery, dental, integrated behavioral medicine, behavioral health, pharmacy, lab, diagnostic imaging, WIC (Women, Infant Children) nutritional program and nutrition counseling services. Other patient support services include education, insurance qualification, and financial assistance. CVCH is accredited by The Joint Commission as a Primary Care Medical Home.
Loan Size: $24,600,000
Description of Loan: Proceeds of the loan will be used to (1) refinance the WHCFA Series 2017 Bond; (2) fund the construction of a new outpatient clinic located in East Wenatchee, WA; and (3) pay costs of issuance.
Interest Cost Savings: It is anticipated by CVCH that it will save approximately $1,234,670 in interest costs over traditional taxable interest rate financing. CVCH’s mission is to provide quality health care services regardless of the patient’s ability to pay, with a particular focus on the migrant/seasonal farm workers and medically underserved population. Tax-exempt financing will contribute to their ability to remove or reduce financial barriers to care for low-income patients.
Purchaser: Wells Fargo Bank, N.A.
Closing Date: February 17, 2024