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$40,500,000
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FHA 223 a-7 Insured Ginnie Mae Loan |
FHA 242 Debt Refinancing |
InnoVative Capital's Role:
FHA Mortgage Banker |
Morehead Memorial Hospital
Eden, NC |
LEARN MORE |
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InnoVative Capital Financial Services |
Develop, structure and finance: we manage the entire process. |
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A Full-Service Financial Advisory and Mortgage Banking Firm
As a SEC-registered municipal advisor, InnoVative Capital provides debt advisory services to hospitals, senior living providers, municipalities and nonprofit organizations. Projects include: onsite and offsite hospital replacement, major renovations, medical office building construction and campus development.
As a HUD-licensed FHA mortgage lender, USDA banker and MSRB-approved municipal advisor, InnoVative Capital originates and executes direct loans and municipal bond financings.
As a financial advisor for rated and non-rated tax-exempt bond issues, commercial loans and equity transactions, as well as a FHA mortgage lender and USDA mortgage banker, InnoVative Capital provides a diversified lending platform. This offers our clients broad access to the capital markets, lower borrowing rates, improves financing terms, maximizes loan amounts and eliminates unnecessary expenditures. InnoVative Capital has served as FHA mortgage banker, financial advisor and consultant for healthcare clients whose FHA, USDA, and rated/non-rated tax-exempt bond debt financings approach $1 billion.
Planning and Development Services for Healthcare Providers and Municipalities
From the start of each engagement to completion, InnoVative Capital represents stakeholders as their advocate, advisor and often banker, to align the client’s expectations with the financial and political realities of their unique situation. Our client representation extends to borrowers such as hospitals, senior living providers, nonprofit organizations and government-owned enterprises. Assignments can take the form of direct contracting with hospital management, ownership groups, board of trustees and municipalities.
Mergers, Acquisitions and Restructurings
InnoVative Capital provides financial advisory services to both purchasers and sellers of healthcare entities. Our advisory services incorporate asset valuation, market assessment, solicitation and evaluation of merger and acquisition candidates and transaction execution. With a focus on maintaining the independence of community hospitals, InnoVative Capital can provide alternative funding in the form of bridge or asset based financing.
Senior Living Advisory and Banking
Through FHA mortgage insured loans, bonds, commercial loans and equity, InnoVative Capital finances senior living properties, including skilled nursing homes, assisted living facilities and independent living properties. Both portfolio financing and individual property financing options are available.
Municipal Finance
InnoVative Capital works on behalf of municipalities to develop and finance infrastructure projects within the financial boundaries of their local economies and politics and can create and execute tax initiatives, including ballot measures, to bolster hospital and enterprise operations and securitize debt issuance.
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Develop, Structure
& Finance |
We manage the entire process |
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Client Testimonial: |
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"I cannot overemphasize the profound impact InnoVative Capital's debt refinancing has delivered to Morehead’s bottom-line and its ability to reinvest in our hospital and its personnel. The opportunity they developed and presented to our Board was rare for a community hospital. To be able to lower our interest rate by almost one-percent, improve our twelve-month cash flow by $630,000, and produce debt service savings of $240,000 per year for each of the next nineteen years, without any increase in our loan amount or cash outlay was the ultimate win-win. " |
W. Carl Martin | President and CEO
Morehead Memorial Hospital |
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OTHERS PROMISE. WE DELIVER. |
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$40,500,000 |
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FHA 223 a-7 Insured
Ginnie Mae Loan |
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FHA 242 Debt Refinancing |
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Morehead Memorial Hospital |
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Eden, NC |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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Joint Management &
Lease Agreement |
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Community Hospital Affiliation |
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Emanuel Medical Center |
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Swainsboro, GA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$85,000,000 |
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FHA 242 Insured Ginnie Mae Loan |
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Replacement Community Hospital |
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Meadows Regional Medical Center |
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Vidalia, GA |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and Financial Advisor |
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[ case study ] |
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$40,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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The Memorial Hospital |
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Craig, CO |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$46,000,000 |
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FHA 242 Mortgage Insured
Tax-Exempt Bonds |
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Replacement
District Hospital |
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Matagorda Regional Medical Center |
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Bay City, TX |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$18,500,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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Shoshone Medical Center |
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Kellogg, ID |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$6,500,000 |
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FHA 241 Insured
Ginnie Mae Loan |
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Skilled Nursing Facility
Renovation |
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Shorefront Geriatric Center |
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Brooklyn, NY |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$29,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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North Valley Hospital |
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Whitefish, MT |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$31,000,000 |
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FHA 242 Mortgage Insured
Ginnie Mae RZED Bonds |
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Critical Access Hospital Modernization Project |
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Effingham County Hospital Authority |
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Springfield, GA |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$24,000,000 |
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Hospital Revenue Bonds |
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Community Hospital
Renovation and Expansion |
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Ohio Valley General Hospital |
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McKees Rocks, PA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$3,500,000 |
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FHA 232 Mortgage Insured
Tax-Exempt Bonds & Sub Debt |
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New Assisted Living Facility |
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Somerset at University Place |
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Winston-Salem, NC |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$50,000,000 |
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Hospital Revenue Bonds |
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Tertiary Care Facility
Renovation and Expansion |
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Memorial Health University Medical Center |
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Savannah, GA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$6,860,000 |
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FHA 232 Insured
Ginnie Mae Loan |
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Skilled Nursing Home
Renovation and Refinancing |
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Citrus Health and
Rehabilitation Center |
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Inverness, FL |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$19,200,000 |
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Hospital Revenue Bonds |
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Community Hospital
Refinancing and Expansion |
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Daviess County Hospital |
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Washington, IN |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$33,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Start-Up For-Profit Hospital |
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Summit Hospital |
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Phenix City, AL |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$37,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Community Hospital
Debt Refinancing & Expansion |
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Knox Community Hospital |
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Mt. Vernon, OH |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$20,000,000 |
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USDA Direct Loan |
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Community Hospital Renovation |
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DeSoto Memorial Hospital |
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Arcadia, FL |
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InnoVative Capital's Role: |
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Financial Consultant |
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[ case study ] |
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$59,000,000 |
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Doctors’ Hospital
Non-Rated Hospital Revenue Bonds |
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Start-Up Non-Profit Hospital |
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Doctors’ Hospital |
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Bridgeport, TX |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$7,675,000 |
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FHA 232 Insured
Ginnie Mae Loan |
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Start-Up Skilled Nursing Facility |
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Stone Oak Care Center |
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San Antonio, TX |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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The Tax Support of Independent Community Hospitals
by Alan P. Richman
Healthcare Financial Management Magazine |
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Increasingly, community hospitals are under pressure to survive. Independence and prosperity are not mutually exclusive for many community hospitals, as long as they receive a little revenue support for new facilities and additional physicians. Dedicated limited taxes can provide the lifeline hospitals need to preserve community healthcare and enhance the local economy.
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