Project Description
Loma Linda University Medical Center: County of Riverside
Beaumont Project: $29,000,000 tax- exempt 501(c)(3) non-profit bonds and $11,000,000 taxable bonds for the construction and equipping of two new healthcare facilities on leased property.
Sun City Project: $3,195,000 tax- exempt 501(c)(3) non-profit bonds and $7,358,000 Borrower Funds for the acquisition and rehabilitation of an existing medical building.
Founded in 1905, Loma Linda University Medical Center (LLUMC) has grown to encompass an 11-story Medical Center and Children’s Hospital. In all, nearly 900 beds are available for patient provided by 400+ faculty physicians. LLUMC operates some of the largest clinical programs in the United States in areas such as neonatal care and outpatient surgery and is recognized as an international leader in infant heart transplantation and treatments for cancer. Each year, the institution admits more than 33,000 inpatients and serves roughly half a million outpatients. LLUMC is the only level one regional trauma center for Inyo, Mono, Riverside, and San Bernardino counties.
The LLUMC is embarking on a major capital expansion to deliver a higher level of care to its diverse patient base throughout the Inland Empire. The Beaumont Project involves the construction and equipping of two new healthcare facilities. The first building will house an ambulatory surgery center. The second three-story medical office building will provide a diagnostic imaging center with space for radiation oncology and urgent care; medical oncology, physical therapy, and laboratory facilities; and medical offices. LLUMC estimates 100 new jobs at this site. The Sun City Project will allow LLUMC to purchase and renovate an existing medical building. LLUMC expects to add 40 new jobs to the existing 15 jobs at this site.