> CHFFA HELP II FAQ - Benefits and Terms

California Health Facilities Financing Authority

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.

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How do I determine my monthly payments?

2% Interest Rate Schedule for equipment and furnishings; and purchase, construction, and renovation of real property

3% Interest Rate Schedule for refinancing

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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.

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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.

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