O.A.S.I.S Hospital

Project Description

Orthopedic Surgery Hospital: Situated in a highly distressed census tract in Phoenix, Arizona, OASIS is a 94,000 sq. ft. hospital facility for orthopedic and spine procedures developed by a unique partnership of 42 orthopedic and spine surgeons in the Phoenix area, Catholic Healthcare West and United Surgical Partners International. An estimated 170 full-time permanent jobs and 20 part-time jobs were created. Health benefits and retirement plans are offered to employees. The $32.5 million OASIS project was funded through a combination of New Market Tax Credits, sponsor equity, and debt financing. Dudley Ventures funded the NMTC equity through one of its captive investment funds and provided advisory services to OASIS in structuring the transaction. New Markets Tax Credit allocations were provided by Prestamos CDFI, LLC and Enterprise Financial CDE, LLC. Valley National Bank acquired the New Market Tax Credits.