Welcome to OSHPD

California Office of Statewide Health Planning & Development

Cal-Mortgage Loan Insurance
About Us

Cal-Mortgage is a Division of the Office of Statewide Health Planning and Development (OSHPD). Cal-Mortgage administers the California Health Facility Construction Loan Insurance Program (Program). Cal-Mortgage provides credit enhancement for eligible health care facilities when they borrow money for capital needs. Cal-Mortgage insured loans are guaranteed by the "full faith and credit" of the State of California. This guarantee permits borrowers to obtain lower interest rates, similar to the rates received by the State of California.

For more information on Cal-Mortgage see the Cal-Mortgage Brochure.

Recently Insured Projects

  • Clinicas De Salud - Brawley
    Insured Amount $3,940,000
  • Family Health Care Network - Porterville
    Insured Amount $7,910,000
  • Los Angeles Jewish Home for the Aging - Los Angeles
    Insured Amount $59,595,000
  • Valley Health Team - San Joaquin
    Insured Amount $2,235,000

Pending Loan Closings

  • AIDS Healthcare Foundation - Los Angeles
    Projected Insured Amount $1,100,000
  • Institute on Aging - San Francisco
    Projected Insured Amount $41,405,000
  • La Maestra Family Clinic, Inc. - San Diego
    Projected Insured Amount $18,500,000
  • St. Rose Hospital - Hayward
    Projected Insured Amount $50,670,000

Cal Mortgage Credit Rating

  • Fitch, A+
  • Moody's, A1
  • Standard and Poor's, A+ (Stable Outlook)

State of California Credit Rating

 
Page last revised: June 30, 2008 11:12 AM