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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.

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