Cbfsi business overview healthcare aug 2011

Business Overview

HealthCare Finance:

At CBFSI our 13 years of financial and lending expertise to help unlock alternative lending solutions for small and mid-cap healthcare and commercial property companies. As entrepreneurs ourselves, we at CBFSI excel at unconventional transactions because, like you, our vision is unhindered by myopic corporate lenses. We come to work every day and think for ourselves. With all of the focus on the difficulties of obtaining traditional small business financing, we at CBFSI believe our first responsibility is to provide our clients with access to the alternative lending solutions that are available, in addition to traditional financing options.

Company Description:

CBFSI is a Commercial broker, business consultant and Financial Arranger. We specialize in non-traditional lending products to meet the unique needs of small to middle market companies.

CBFSI has been providing prompt, innovative, and reliable financing solutions across the United States and abroad for more than a decade.

Companies prefer CBFSI because we take an innovative approach to funding. Our relationships and access too many different forms of capital enable us to secure the best financing available for our clients. Unlike traditional lenders, we are not restricted to a specific set of products and guidelines. With our simplified approval process we are able to respond swiftly, enabling our clients to seize new commercial opportunities or add value to their existing projects.

Since 1998, CBFSI has provided lending services and participated in funding:

Commercial Real Estate loans from $2,000,000 to $50,000,000

CBFSI, Inc. Confidential 1 | P a g e May, 2010

Asset-backed loans of $500,000 to $30,000,000 for growth capital, working capital, assets, acquisitions, and liquidity events


The Right Partner for Your Healthcare Finance Needs:

At CBFSI, we understand the challenges small and mid-sized healthcare businesses are facing due to the current restrictive lending/financial environment.

With the dramatic increase in life expectancy and improvements in the delivery of healthcare services, healthcare professionals anticipate related increases in the number of patients accessing healthcare services. Today’s healthcare companies require a partner who understands the healthcare market and can help them capitalize on opportunities for diversification and growth as well as weather reimbursement and regulatory storms.

CBFSI is prepared to respond to this growing market by providing financial solutions to:

All types of healthcare service providers

Ancillary service organizations

Manufacturers and distributors of medical supplies and equipment

Real estate development and management companies

Focus Sectors:

Hospitals, Health Systems and Service Providers

Behavioural Health

Home Health & Hospice

Rehabilitation

Hospitals

Proprietary Hospitals

Investor Owned Hospitals

Home Medical Equipment

Imaging

Institutional Pharmacy

Surgery/Outpatient Care

Medical Staffing Providers


Medical Laboratories

Physician Practices

Dental Practices

Chiropractic Clinics

EMS/Ambulance

Wound Care Services

Senior Housing Finance and Care Providers

(Single Site & Multi Site)

Skilled Nursing Facilities (SNF)

Independent Living (Care) Facilities (IL)

Assisted Living (AL)

Continuing Care Retirement Communities (CCRC)

Dementia Care

Commercial Real Estate Lending

Conventional financing is available for existing multi-family projects including apartments, elderly apartments, assisted living facilities, small properties and large portfolios.

Healthcare Real Estate

1. Healthcare Purchasing

2. Healthcare Refinance

3. Healthcare Leasing

4. Healthcare Construction

Products & Services:

CBFSI offers financing solutions that allow you to grow your Healthcare business and capitalize on your vision.


We understand that in order for your Healthcare business to grow successfully–especially during uncertain economic times–you need a financial partner that understands your objectives and has the solutions to help you achieve them.

Traditional Financing Solutions

We have significant expertise and capital resources needed to respond to diverse financing situations. We serve as a one-stop resource for healthcare and specialty finance debt capital with an unmatched product array, including:

Receivables and inventory financing

Equipment financing

Accounts Receivables: In the healthcare sector we are able to provide up to

an 85% advance rate of government and non-government receivables

Asset-based loans

We offer floating rate asset-based and senior stretch credit facilities to

middle-market companies with annual revenues between $10 and $300

million. Our typical asset-based loan is between $500,000 and

$30,000,000

First mortgage real estate loans

Stretch senior loans

Healthcare asset-based loans

Whether your healthcare company needs capital for refinancing,

restructuring, or a major acquisition, our asset-based lending platform

provides you with customized and flexible financing

Customized Solutions

With a focus on senior secured through mezzanine financing, we are able to support a broad range of transactions, including:

Refinance of existing indebtedness


Recapitalizations

Leveraged buyouts

Finance & Loan Term Definitions:

Senior Stretch Finance

Senior Stretch is a hybrid financing solution that falls between an asset-based loan and a cash flow loan. Also known as an "over-advance loan", it is structured with both asset-based and cash flow components, providing a higher level of leverage and delivering more capital up front than cash flow only loans

Mezzanine Finance

Mezzanine financing falls between senior debt and equity on a company's balance sheet and is typically used to fund a growth opportunity such as an acquisition, new product line, new distribution channel, or a plant expansion.

Asset Based Finance

An asset-based loan is secured by a company's accounts receivable, inventory, equipment, and/or real estate, whereby the lender takes a first priority security interest in those assets financed. Asset-based loans are an alternative to traditional bank lending because they serve borrowers with risk characteristics typically outside a bank's comfort level.

Tax Increment Finance

The tax increment finance ("TIF") mechanism permits a town, city or county, through a local redevelopment commission, to designate targeted areas for redevelopment or economic development. Those areas can then be designated as "allocation areas" which triggers the TIF process. After such a designation is made, property taxes generated from new construction in the area, rather than going to the normal taxing units (e.g., schools, cities, counties), can be set aside and invested back in the area to promote development. These property tax revenues can be leveraged by the issuance of TIF bonds, the proceeds of which also can be used to promote development in the area. TIF revenues may be used directly to finance public infrastructure, land acquisition, site improvements, and other public improvements. Alternatively, TIF revenues may be pledged to the payment of bonds or lease rental obligations issued or incurred to finance such projects. Only taxes on real property, and taxes on depreciable personal property used in industrial, manufacturing, warehousing, research and development,


processing, distribution, or transportation related projects, qualify for the use of the TIF mechanism.

SMALL BUSINESS IMPROVEMENT FUND (SBIF)

The SBIF program is alive and well in the City of Chicago. This program is helping small business to remain viable in the City of Chicago by helping them with their building renovation and infrastructure costs. Grants are given in a rebate fashion after work is completed by the applicant, and proof of payment to their City Licensed Contractors is received by the City. This program has kept businesses in Chicago, helped make them stronger, and kept and created new jobs. Eligible businesses can receive up to $150,000 in funding during the grant process, and are eligible to reapply one year after receiving their grant check. The average grant size is approximately $35,000. Eligible costs include permanent renovations to existing buildings.

Yvonne Spear,

COO Chicago’s Best Financial Services & Investments

Yvonne has over 13-years of experience as a broker having successfully negotiated deals in domestic and international markets in areas such as commercial real estate, land development, and business mergers and acquisitions.

In 1998 Yvonne founded Chicago’s Best Financial Services & Investments a Commercial Business Capital and Real estate Mortgage Acquisitions Group. Ms. Spear brings a wealth of experience and knowledge of the brokerage industry. We are committed to team work. We provide first quality customer service and lend expertise to achieve excellence. Including innovative marketing strategies and deal structures to help clients achieve their goals.

Chicago’s Best Financial Services & Investments has evolved from Chicago based a commercial and residential real estate brokerage firm that specialized in large-scale residential development projects, and commercial real estate projects to an International Commercial Business Capital Company.

Yvonne Spear went to The International Academy of Merchandise and Design in Chicago. After 14 years as a retail manager. She changed careers in 1996 after purchasing her first home. Combining her CBFSI, Inc. Confidential 7 | P a g e May, 2010

knowledge of customer service and real-estate has given her common sense approach to financing and business. Ms. Spear is also a business consultant, author, and mentor. She is a skilled negotiator with a win-win approach, strong people skills, and with a diverse cultural background.

Chicago's Best Financial's COO Yvonne Spear is a published author and has gone social. Follow us on Face book, Tweet us, or join us on LinkedIn, cbfsi.biz/blog and now as a Yahoo associated content contributor. Read our latest article on Yahoo!! http://www.associatedcontent.com/article/7872162/help_my_business_is_dying_how_do_i.html Or Google Yvonne Spear Articles

Join our Face book Page and join in the conversation with other customers just like you," "Follow us on our blog for business and financial advice" or "We'd like to connect with you on LinkedIn." You could find creative ways to raise capital, be an innovator in your business field and become financially sound. "Write on our wall and tell us how you have used our tips and articles." "Like" this email to share it with your Face book friends, tweet us or join us on LinkedIn.

Michael LottSenior Account ManagerMichael has over 15-years of experience as a Banker and a Broker having successfully negotiated deals in domestic and international markets in areas such as commercial real estate, land development, and business mergers and acquisitions. Combining his knowledge of customer service and real-estate has given him a common sense approach to financing and business. He is a highly talented and accomplished Finance and Business executive, as well as a background in financial analysis, business management, and accounting, Expertise in the area of loan analysis, procedures and approval. He is highly knowledgeable in lending laws, banking regulations and underwriting techniques. Able to design loan structures, monitor portfolios and analyze complex financial data. Demonstrated ability to developed and maintain productive business relationships, motivate teams and foster interdepartmental cooperation. Michael has comprehensive knowledge of accounting principles and processes, as well as tax preparation and law. He is a proactive, result oriented problem solver.

PROFESSIONAL EXPERIENCE


http://www.associatedcontent.com/article/7872162/help_my_business_is_dying_how_do_i.html

CHICAGO BEST FINANCIAL SERVICES / Chicago, Illinois

Senior Commercial Account Manager

Specialized expertise with Commercial lending, Business Capital, SBA and Hard Money Mortgage programs. Consult with clients seeking Heath Care Commercial Mortgages Medical Practice Programs including: Medical Practice,

Hospital acquisitions, Physical Rehabilitation Centers, Medical Office Buildings and Developments, Assisted Living and senior housing

Green and Sustainable Energy construction and development

TCF NATIONAL BANK / Oak Lawn, Illinois

Branch Lending Manager

Trained real estate agents on mortgage programs, the lending process, and pre-qualification of buyers. Review credit reports with buyers to and put them in best programs for them based off credit. Originate and underwrite residential loan files for real estate purchase and refinance transactions; oversee entire loan

process. Branch Lending Officer

Originated, processed, and coordinated all closing activities related to residential mortgage/home equity loans. Established working relationships with attorneys, appraisers, borrowers, and title companies

Meet with the prospective clients to provide a short presentation of the mortgage loan products that we offer. Maintain responsibility for processing mortgage loans including reviewing application documents for completion and

accuracy; verifying income, employment history and closing funds; and coordinating/securing property appraisals and flood risk analyses.

Ensure all required documents are included in application package and enter detailed information into automated processing application database.

Residential Loan Officer

Consulted with clients seeking to refinance or purchase property, vehicle, or establish a line of credit and help customers determine the best loan product for their budget.

Managed entire loan process from application to closing including resolving credit, title, appraisal, documentation and underwriting issues.

Pre-qualify/pre-approve loans, evaluate applications, and review credit history to determine loan risk. Trained and mentored new loan officers on company policy and loan origination.

EDUCATION

Jackson State University / Jackson, MS

B.S., Finance/ Minor in Business Administration, 1993


Medical Liaison

PHILIP R.DAVIS, MA, Ph.D.

Dr. Davis is President and Chief Executive Officer of Strategic Planning Analysts Inc., a minority – owned firm specializing in

health care consulting and management, population forecasting and financial analysis of health care institutions which he

established in 1985. He has been involved in the health care field care field professionally since 1973. In that year, then-

United States Senator Adlai Stevenson selected him to be his Legislative Assistant for Health and Human Services, where he

served until 1978. At that time, he became Staff Director for Economic Development with the National Governors’

Association.

Strategic Planning Analysts, Inc. offers assistance to Public and Private Sector Health Care Organizations in solving problems

related to decision-making and long range planning for Hospitals, Managed Health Care Plans, and Public Sector Health Care

Agencies. Consulting Services offered include Market Analysis, Strategic Planning Support, Financial Economic Analysis and

Public Policy Studies. Past and present Clients of this Consulting Firm include Advocate Bethany Hospital, Advocate Trinity

Hospital, the Chicago Department of Public Health, the Cook County Health and Hospitals System, the Greater Chicago

Medical Association, Rush University Medical Center, the University of Chicago Hospitals, the University of Illinois at Chicago

Medical Center, and such Community Health Centers in Metropolitan Chicago, as Circle Family Health Care Network and the

Friend Family Health Center.


In 1979, Dr. Davis was appointed by then-Mayor Jane Byrne as the Director of the Chicago Health Systems Agency, the federally- designated Local Health Planning Organization of the City of Chicago. The late Mayor Harold Washington selected him in 1983 to be the First Deputy Commissioner of the Chicago Department of Public Health, the Chief Operating Officer of what was then the sixth largest Agency within Municipal Government with a $175.0 million annual budget.

Dr. Davis has served as a Member of the Board of Trustees of Reed College, Portland, Oregon, his alma mater, and on the

Cost Containment Committee of Blue Cross/Blue Shield of Illinois. He has also received appointments to the Board of

Directors of The Chicago Urban Affairs Council and the Board of Directors of Northwestern University’s Kellogg School of

Management. He currently serves as an Adjunct Clinical Professor of Health Policy and Management at the Loyola University

Chicago Graduate School of Business Administration Water Tower Place Campus.

A graduate of Reed College, Portland, Oregon, Dr. Davis received his Bachelor of Arts Degree, with Honors, in Political Science and Economics. He was a Rhodes Scholarship Finalist for the State of Oregon and was elected to Phi Beta Kappa. He obtained a Master of Arts Degree, with distinction, in Politics from Brandeis University, Waltham, Massachusetts. Dr. Davis secured his Doctor of Philosophy Degree in Political Analysis from the University of Chicago. His other academic honors include an American Political Science Association Fellowship, a Danforth Foundation Scholarship, a Ford Foundation Doctoral Fellowship, a Henry R. Luce Scholarship, and a Woodrow Wilson Fellowship. These academic awards permitted Dr. Davis to obtain Certificates in International Economic Affairs from the Ecole Nationale Superieure in Paris, the University of Oxford in Oxford, and Sophia University in Tokyo.

Yvonne SpearCOOChicago’s Best Financial Services & InvestmentsEmail [email protected] 866-572-9952 ext. 1Fax 866-572-6616


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Cbfsi business overview healthcare aug 2011