Mass HEFA New Markets CDE LLC (“Mass HEFA CDE”) will use taxable and tax-exempt financing, along with equity generated by its NMTC allocation, to finance nonprofit health centers and hospitals that focus on highly distressed communities and that serve the lowest income, medically underserved populations. Mass HEFA CDE will offer a range of products, including debt that: is priced 400-500 basis points below market; provides interest-only payment periods of seven years; provides amortization periods of up to 50 years; and is underwritten based on loan to value ratios of up to 100%. The NMTC financial offerings will allow Mass HEFA CDE to serve a range of smaller health centers that cannot be served through traditional financing, and also to serve larger safety-net hospitals seeking to expand and leverage major capital projects.