Multi-track financing |
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Authors: | Kennedy Steven W Randolph John Taddey Anthony J |
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Affiliation: | Lancaster Pollard, Columbus, Ohio, USA. skennedy@lancasterpollard.com |
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Abstract: | In today's uncertain economic environment, when seeking to finance a capital project, healthcare borrowers should adopt a multi-tracked funding strategy that permits them to change capital-funding routes quickly in response to changing circumstances. The multi-tracking process requires two stages prior to securing a commitment and beginning the closing process: due diligence and indication of interest. This process should present no material additional cost during these two stages, giving healthcare borrowers the flexibility to explore a variety of financing options. |
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