Capital Fund Partners with Bronx Community Health Network to Fund their First Physical FQHC
Bronx Community Health Network (BCHN) in New York recently closed funding on their first physical health center facility. Capital Fund is proud to support this project with a $4,653,000 bridge loan, with an expected total budget of $8,535,000.
In addition to Capital Fund’s contribution, the project will be funded with NMTC equity, grants, including a grant from the Health Resources and Services Administration (HRSA), and the health center’s own cash on hand.
The financing will support the purchase and renovation of a 11,000 square foot building allowing BCHN to open its first site sooner than they would if they were to engage in new construction. This state-of-the-art community-based, multi-service Federally Qualified Health Center (FQHC) is designed to provide co-located, integrated medical, behavioral, and oral health services as well as podiatry, pharmacy, and complementary health promotion, education, outreach, social supports, care coordination, and chronic disease management services.
As a patient- and community-centric facility, the project incorporates activity spaces for all age groups such as afterschool programming, fitness, cooking, health, and financial literacy workshops. The clinic will also provide care through face-to-face, telehealth, and telephonic patient encounters as well as in-home visits and assessments as needed. Additionally, clinical and administrative systems will be streamlined and digitalized to achieve optimum operations and financial efficiencies, data tracking and analysis, program evaluation, and internal and external stakeholder satisfaction.
Bronx Community Health Network has an 18-year history of providing quality care to their community, acting as a pass-through entity for the Montefiore Health System. Located in a diverse area, BCHN has always prided themselves on creating a health center without walls, to break down barriers in care and increase access, and quality of care without exceptions. This unique positioning has allowed them to provide access to comprehensive, quality, affordable medical, behavioral, and oral health care as well as social determinants of health-related services to clients who otherwise might not have received care.
To learn more about Capital Fund’s loan products, including our LoanPlus program, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..