O.A.S.I.S Hospital

Phoenix,
AZ
(2011)

O.A.S.I.S Hospital

Community, Healthcare, Hospitals and Emergency Services

A 94,000 square foot 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.

Investment

NMTC Amount: $22,900,000
Total Project Cost: $32,636,103

IMPACT

164 FTE jobs
160 construction jobs
94,000 sq. ft. of real estate

CDEs

Enterprise Financial CDE, Prestamos CDFI

Investor

Trustmark

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.

MAP

Address: 750 North 40th Street, Phoenix, AZ 85008

Census Tract: 4013113601

Other Arizona Projects

Itom Hiapsi

Tempe,
AZ
(2012)

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Targeted Populations

CDE(s): Travois

The town of Guadalupe--a neighborhood in the greater Phoenix metropolitan area--is home to 3,600 members of the Pascua Yaqui Tribe.

White Mountain Apache Timber

Whiteriver,
AZ
(2013)

Manufacturing, Rural, Targeted Populations, Timber and Agriculture

CDE(s): CEI Capital Management, Rural Development Partners

Revamping the business plan of a timber mill, leveraging NMTCs to upgrade the mill with new technological equipment and generate working capital.

Bentley Project

Phoenix,
AZ
(2005)

Behavioral Health, Community, Healthcare

CDE(s): Community Development Funding

Located in Phoenix just south of the Downtown Warehouse District, the former commercial laundry facility, Phoenix Linen and Towel Supply Company, has undergone a renovation of more than 30,000 square

UHS VIA Linda Project

Scottsdale,
AZ
(2021)

Addiction Treatment, Behavioral Health, Community, Healthcare, Hospitals and Emergency Services

CDE(s): Phoenix Community Development and Investment Corporation, TruFund

Empowerment Reinvestment Fund provided financing to help finance the new construction of a 72,650 sq. ft., 120-bed community hospital located in the Salt River Pima-Maricopa Indian Community of the Salt