SAN DIEGO-In order to better serve the healthcare industry, BofI Holding, the locally based parent company of BofI Federal Bank, has added a healthcare finance specialty in its commercial and industrial lending division. Industry sources report that the firm's specialized healthcare lending platform will focus on providing financing solutions to lower and middle-market healthcare providers with financing needs ranging from $1 million to $30 million.

The new unit will be led by James Irwin, Jr., founder and president of MC Healthcare Finance and Meridian Healthcare Finance, who has taken on a new role as SVP and head of healthcare finance at BofI Federal Bank. According to industry sources, regarding the move Irwin said, “Significant changes are impacting the healthcare industry at a time when capital available to lower-middle and middle-market healthcare companies has become less widely available. I am pleased to be part of a large, well-capitalized national bank dedicated to serving the healthcare marketplace.” GlobeSt.com was unable to reach Irwin to discuss the new unit's impact on healthcare real estate.

BofI's healthcare finance team offers a comprehensive suite of asset-backed financing as well as real estate, equipment and inventory financing to healthcare companies throughout the US. The new unit will provide financing to all segments of the industry including hospitals, skilled-nursing facilities, behavioral health, home health, pharmaceutical laboratories, senior housing, hospice, long-term acute-care facilities and others.

As GlobeSt.com previously reported, in April BofI Federal Bank closed the biggest deal in its history, sealing an $11,300,000 loan for a 160-unit, multifamily building in the San Fernando Valley.