What We Do

On December 22, 2020, Capital Fund participated in a financial closing to support construction of Five River Health Centers’ (Five Rivers) nearly $31.6 million new facility in Dayton, OH.

Capital Fund contributed a $9 million New Markets Tax Credit (NMTC) allocation for Five Rivers’ new 84,000-square-foot facility, a 34,000-square-foot increase from the five leased sites that will be consolidated into the new location. In addition to Capital Fund’s allocation, project financing also included $14 million from Dayton Region New Markets Fund and $7 million from Urban Action Community Development.

Capital Link worked with Five Rivers’ management team throughout the entire planning process, including providing a market assessment/patient demand analysis, preliminary functional program planning, an eight-year financial forecast that was crucial to securing the leveraged debt in the transaction, and structuring closing assistance throughout the NMTC closing process.

Slated to be completed by December 2021, the new clinic will provide 88 exam rooms and 10 dental operatories, and will enable the health center to serve an estimated 14,000 additional patients annually. The new facility will offer expanded behavioral health, medical services, dental services, psychiatry, substance abuse, pharmacy, enabling services and complementary services.

Founded in 2011, Five Rivers provides both primary and specialty care service to low-income patients in Dayton, OH, currently serving more than 25,000 patients annually with more than 87,000 visits in the Greater Dayton community. Five Rivers also runs one of the largest physician residency programs in the country in collaboration with Miami Valley Hospital. Learn more here.

For more information about Capital Link’s capital planning services please contact Jonathan Chapman, Chief Project Officer at This email address is being protected from spambots. You need JavaScript enabled to view it.. To learn more about Capital Fund’s loan products, including New Markets Tax Credits, please contact Brandon Boyle, Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..