Advanced Radiotherapy Technologies (“ART Health or Developer”) specializes in the development and management of state-of-the-art radiotherapy cancer centers in collaboration with distinguished clinical partners. Their superior radiation technologies are currently not available at most major cancer centers due to their high cost.
As such, ART Health engaged Dolfin to provide equipment and tenant improvement (TI) financing for their new radiotherapy center in Newport Beach, CA. The new facility would require financing for more than 14k square feet of ground floor space to include the installation of both advanced radiology technologies and radiation shielding vaults.
- A 10-year, fully amortizing, credit-based TI Lease
- 100% financing for the $30M ART Health needed for equipment and build-out
- Predictable, fixed payments
- A streamlined, transparent financing process
Dolfin’s financing solution allowed ART Health to focus on preserving capital and invest in higher performing opportunities.
Working with Dolfin has been a game-changer. Their ability to make next-generation modalities financially feasible for our clinical partners means we can better equip physicians fighting cancer with the tools they need to save lives.
Ryan Bowers, COO, ART Health
As a leading developer of turnkey, freestanding radiotherapy centers, ART Health saw enormous benefits to working with Dolfin, including:
- Efficient Use of Capital: Dolfin’s TI Lease enabled ART Health to maintain working capital instead of tying up cash in equipment and space build-out
- Improved ROI: By keeping their cash liquid, ART Health is able to redirect their money toward higher-yielding investments
- Access to Care: Financing life-saving equipment and TI with Dolfin’s fully amortizing, credit-based lease lowered the financial barriers ART Health would otherwise face in bringing its leading technologies to those who need it
credit-based lease
