Healthcare Finance Group, LLC (HFG) announced that it has provided a $20 million revolving credit facility to Loma Linda University Medical Center-Murrieta.

Physicians Hospital of Murrieta, LLC (d/b/a Loma Linda University Medical Center-Murrieta) (LLUMC-Murrieta) is a for-profit, newly built 106-bed acute care community hospital located in Riverside County, CA. Proceeds from the financing facility will be used as working capital for startup and ongoing operations. LLUMC-Murrieta opened on April 15, 2011. Its majority shareholder is Loma Linda University Medical Center (LLUMC), a non-profit, billion-plus revenue hospital operator and one of the preeminent healthcare systems in California.

James Uli, interim CFO said, “HFG worked diligently to structure a creative solution that met our needs as a startup operation. They were able to lend against our accounts prior to obtaining the applicable tie-in notices and demonstrated a strong understanding of the hospital space and its unique license and billing issues.”

Regarding the transaction, Shane Passarelli, SVP of HFG said, “With its strong capitalization, solid management team, attractive demographics, and bed shortage in Riverside County, Loma Linda Murrieta is a well-conceived project that has all of the fundamental ingredients to be successful, and we are excited to be part of the story as it unfolds.”

HFG is a specialty lender dedicated exclusively to providing secured debt financing to healthcare companies.