Daily News: December 19, 2012

Capital One Provides $46MM in Financing for Hospital

Capital One Bank announced it provided a $34 million construction loan to WH Hospital Property Company to fund the conversion of an existing medical office building into an acute care hospital, Walnut Hill Physicians’ Hospital. The construction loan will convert into a conventional four-year mortgage loan once construction is completed and the hospital’s operations commence.

In addition to the construction loan, Capital One Bank has provided the hospital’s operator, Walnut Hill Physicians’ Hospital, a $12 million revolving line of credit to fund the operator