Ochsner Clinic Foundation
Baton Rouge and Slidell, LA
$87,000,000
Bondable master lease permanent CTL Private Placement Bond financing.
- Special use facilities – one hospital and three medical office buildings
- Facilities only partially occupied by credit tenant (subleases in place)
- Bondable master lease underwritten to a 1.0x DSCR
- Financing represented > 200% of cost basis
- 20 yr. term / 20 yr. amortization
