Coffee Medical Group has nabbed a $21.25 million refinance for a health care facility in Manchester, TN, that serves as the sole hospital for the rural area, the Commercial Observer reports.
X-Caliber Rural Capital provided the loan on the entity’s 49-bed Unity Medical Center, which was funded through the U.S. Department of Agriculture (USDA) OneRD Community Facilities program. The deal closed in about four months, according to Jordan Blanchard, XRC co-founder and executive manager of the USDA lending platform launched in October 2021. Read more.
