The U.S. Department of Agriculture, Rural Development — VT/NH (RD) announced that its $28.3 million direct loan to the Rutland Regional Medical Center (RRMC) in Vermont, for constructing the Thomas W. Huebner Medical Office Building, closed at a 2.25% interest rate — significantly lower than the 3.875% rate at origination.
The reduction is expected to save nearly $11 million over the 35-year loan term. Read more.
