California Office of Statewide Health Planning & Development

Cal-Mortgage Loan Insurance
About Us

In accordance with Executive Order S-13-09 the Office of Statewide Health Planning and Development will be closed three Fridays per month starting July 10, 2009 and ending June 30, 2010. For a complete list of scheduled closures click here.

Cal-Mortgage is a Division of the Office of Statewide Health Planning and Development (OSHPD). Cal-Mortgage administers the California Health Facility Construction Loan Insurance Program (Program). Cal-Mortgage provides credit enhancement for eligible health care facilities when they borrow money for capital needs. Cal-Mortgage insured loans are guaranteed by the "full faith and credit" of the State of California. This guarantee permits borrowers to obtain lower interest rates, similar to the rates received by the State of California.

For more information on Cal-Mortgage see the Cal-Mortgage Brochure.

Recently Insured Projects

• Enlo Medical Center - Chico
  Insured Amount $235,595,000
• Pilgrim Place In Claremont, Inc - Claremont - 8/19/2009
  Insured Amount $26,500,000
• St. Rose Hospital - Hayward - 5/28/2009
  Insured Amount $50,670,000

Pending Loan Closings

• Asian Health Services - Oakland
  Projected Insured Amount $4,080,000
• Children's Institute International - Los Angeles
  Projected Insured Amount $26,170,000
• Mendocino Coast Hospital - Fort Bragg
  Projected Insured Amount $12,035,000
• The HELP Group - Los Angeles
  Projected Insured Amount $5,405,000

Cal Mortgage Credit Rating

• Fitch, BBB
• Moody's, Baa1
• Standard and Poor's, A

State of California Credit Rating