$4.98 million loan for ground-up construction funds Infinity Hospice Care with 12-unit campus
February 13, 2014 (Newswire) - TMC Financing, Clark County's largest provider of SBA 504 loans, worked with Bank of Nevada to provide financing to Infinity Hospice Care of Las Vegas, LLC for their ground-up construction project totaling $4.98 million. Cindy Santilena, CCIM served as TMC's business development officer for the transaction. The SBA 504 loan was used for the new construction of a 9,616 square foot 12-bed hospice in-patient unit and a 9,015 square foot office support building.
About SBA 504 Loans
The U. S. Small Business Administration (SBA) created the 504 loan program in 1980 to provide financing for successful, growing small and medium-sized businesses. Loan proceeds can be used to purchase, renovate or construct commercial real estate properties, or for the acquisition of equipment that has a life expectancy of 10 years or more.
TMC Financing provides Small Business Administration (SBA) 504 real estate financing and is the leading Certified Development Company (CDC) in Northern California and Southern Nevada. During the past 30 years, TMC has provided over $7.5 billion in SBA 504 financing for more than 4,500 businesses. This financing has resulted in the creation of over 33,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade. TMC's experienced team works directly with borrowers, lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower's credit capacity. For more information, visit tmcfinancing.com.
About Infinity Hospice Care
"Our new facility will help address the demand in the Las Vegas valley for more comprehensive in-patient, supportive care," said Brian Bertram, Executive Vice President of Infinity Hospice Care. "We offer comprehensive treatment plans to our patients and assistance to family members caring for them."
Most people want to be cared for in the comfort of their own homes, however, when home is not enough, Infinity Hospice Care surrounds those individuals with specially trained staff capable of meeting their individual needs. For more information, visit infinityhospicecare.com.