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

• Casa de las Campanas - San Diego
  Insured Amount $54,310,000
• Petaluma Health Center - Petaluma
  Insured Amount $5,785,000
• Salud para le Gente - Watsonville
  Insured Amount $3,350,000
• Southwest Community Health Center - Santa Rosa
  Insured Amount $13,270,000
• Valley Community Clinic - N. Hollywood
  Projected Insured Amount $2,040,000

Pending Loan Closings

• Channing House Multi Level - Palo Alto
  Projected Insured Amount $65,000,000
• Gateways Hospital & Mental Health Center - Los Angeles
  Projected Insured Amount $5,000,000
• Mendocino Coast Hospital - Fort Bragg
  Projected Insured Amount $5,000,000
• North Kern South Tulare Hospital District - Delano
  Projected Insured Amount $7,355,000
• Vocational Visions - Mission Viejo
  Projected Insured Amount $2,340,000

Cal Mortgage Credit Rating

• Standard and Poor's, A-

State of California Credit Rating