VFR Healthcare Provided Essential Financing for Nursing Home Renovations & Equipment Leasing

(SANEPR.com) June 2, 2009 -- VFR HEALTHCARE FINANCE

PROVIDED ESSENTIAL FINANCING FOR

NURSING HOME RENOVATIONS AND EQUIPMENT LEASING


New York, NY --- VFR Healthcare Finance, a full-service financial firm for the nursing home industry, announced that it has provided funding for two major equipment leasing deals. In one case, a group of nursing homes needed to renovate its facilities and subsequently purchase new furniture. The group of nursing homes had recently been purchased and its corporate financial structure involved a complex tangle of interlocking relationships. As a result of its experience and expertise in dealing with complex nursing home financing arrangements, VFR was able to provide 100% of the needed financing at attractively competitive rates.
In the second case, a nursing home needed to purchase new computers, new software, and sophisticated network programming for Internet and intranet uses. Banks chose not to provide financing, though they had received TARP funds for just such purposes. One banker stated, “We want to maintain a strong capitalization position and not lend funds at this time.” It didn’t matter that the nursing home had long-term, positive relationships with that bank as well as with a number of other banks. Having exhausted the possibility of obtaining bank financing, the nursing home turned to VFR Healthcare Finance, which was able to arrange for 100% of the needed financing for the purchase of computers, the software programs, the necessary re-wiring, and sophisticated networking.
Following this outcome, the nursing home was pleased to learn that VFR could be their first choice for all its financing, for it provides a full panoply of financial services from A to Z. As Israel Segal, president of VFR, stated: “A number of nursing homes have come to us because they were having difficulty getting the financing they need; however, once they experienced our full range of services, they stayed with us to satisfy all of their financial needs. They no longer even bother with their former lenders and are pleased not to have deal with banking bureaucracies.”

As a result, VFR Healthcare Finance is highly regarded within the nursing home industry as a first choice; it is respected for its creative and innovative approaches for satisfying all of the financing needs of its many clients. Indeed, it has become a valuable resource for one-stop financing, offering particularly attractive solutions during this period of tight money as it continues to provide asset based financing, acquisition funding, equipment leasing financing, working capital, A/R loans, strategic consulting and cost segregation studies for reducing tax obligations.
The firm’s website is www.vfrfinancial.com. For further information, please write info@vfrfinancial.com
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