V-Cap is excited to announce a new operating partnership with Self-Help, a national community development financial institution (CDFI) headquartered in Durham, NC.
Through this new partnership, Self-Help is providing credit services that allow V-Cap to expand its offerings and more efficiently finance community healthcare borrowers.
Self-Help has been a leader in community development finance since 1980, with a history of creative and visionary work bringing financial resources to under-served communities. The Self-Help organization includes two credit unions, a loan fund, and a policy advocacy group. Together, they reflect a premier financial services infrastructure that is national in reach and consistently impactful in mission.
Through this new partnership, Self-Help will:
- Act as credit agent for underwriting, closing and servicing loans on V-Cap’s behalf.
- Selectively co-lend with V-Cap to expand the offerings V-Cap can provide to healthcare borrowers.
- Partner with V-Cap to tailor offerings that best effectuate V-Cap’s mission to develop quality care and good healthcare jobs in low-income communities.
Self-Help is a long-time V-Cap partner. Self-Help CEO Martin Eakes is a V-Cap Board member, and Self-Help Executive VP Al Bass has served on V-Cap’s Loan Committee.
“This partnership with Self-Help provides exciting opportunities for V-Cap to increase our support for community based providers amid ongoing change in healthcare.”
– Steve Weingarten, V-Cap CEO
MORE COMING SOON ON V-CAP, OUR INVESTMENTS IN COMMUNITY HEALTHCARE, OUR PARTNERSHIP WITH SELF-HELP, AND OUR OFFERINGS FOR HEALTHCARE BORROWERS