USDA TO PROVIDE $32.4M LOAN FOR PRAIRIE DU CHIEN MEMORIAL HOSPITAL

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PRAIRIE DU CHIEN, WIS. — USDA Rural Development is in final process of providing a $32.4 million Community Facility Direct loan for Prairie du Chien Memorial Hospital. The loan will be used for the construction of a new 25-bed acute care hospital. Dougherty Mortgage LLC acted as a consultant to assist with the process of obtaining and structuring the USDA loan. The USDA funding for this project is contingent upon the completion of an environmental review process and the recipient meeting the terms of the loan agreement.

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