Wipfli Assists in Jamestown Hospital USDA Loan

Jamestown Hospital Receives Largest USDA Direct Loan to Date

Jamestown Hospital, a 25 bed Critical Access Hospital in Jamestown, ND, recently received notification from the USDA of a Direct Loan for $31 million at a 4.25% fixed rate for 40 years and a Guaranteed Loan for $15 million to finance a replacement hospital. 

Wipfli’s Involvement & Benefits:

Kelly Arduino was the hospital’s Financial Advisor and as a result the hospital was able to avoid placement agent fees of approximately 2%.

Wipfli completed the feasibility study in accordance with the National Office of USDA’s standards and was instrumental in providing supporting rationale and documentation in the request for additional Direct Loan Funds.

More information:

Kelly Arduino has over 15 years of experience in health care with an emphasis in health care finance and strategy. As an unbiased financial advisor for clients including critical access hospitals, independent community hospitals, and senior living facilities, her work centers around helping clients secure capital for large renovation/replacement projects. In addition, she works as an “ad hoc” advisor for ongoing needs (e.g., buying vs. leasing equipment).

Kelly's latest article on USDA lending

Wipfli's Facility and Capital Planning services

Full success story on Jamestown Regional Medical Center