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California Health Facilities Financing Authority  (CHFFA)

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.
How do I determine my monthly payments?

3% Interest Rate Schedule for equipment and furnishings; and purchase, construction, and renovation of real property

4% Interest Rate Schedule for refinancing
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.
Does CHFFA require a 5% down payment or other borrower contributions?

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.