SunLink is replacing its 35,000-sf Mountainside medical Centerin Jasper, GA with a new, 68,000-sf facility that is 50%completed.
The financing also includes a 20-year mortgage loan withinterest at prime plus 1% a year, or, at SunLink's option, interestat the five-year Treasury constant maturity yield plus 3.5%.
The mortgage loan interest rate is adjustable every five years.The construction loan may be converted to the 20-year mortgage loanthree months after completion of construction, subject to certainunspecified conditions.
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