Classic Lake

Proven Track Record

Past Projects

 

Classic Lake has facilitated the placement of over $350 million of investment, providing critical financing for over two dozen community and economic development projects from new construction to adaptive reuse and historic rehabilitation across the country. Classic Lake provides supportive services to municipal agencies, real estate and housing developers, small businesses, healthcare and education institutions, fresh grocers, non-profits, and financial services firms, enabling them to bridge capital gaps. Classic Lake also works with developers to increase outreach and hiring of minority- and women-owned businesses to address workforce equity.

Project Locations

 
 

Martin Luther King Jr. Community Hospital Wellness Center - Los Angeles, CA

 
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Martin Luther King, Jr. Community Hospital (MLKCH) is a private, non-profit, safety-net hospital providing inpatient and emergency care in South Los Angeles County. Since opening in 2015, MLKCH has hired over 1,000 employees and serves over 70,000 patients in South Central Los Angeles annually. The hospital is working with the County of Los Angeles and Trammell Crow (contracted developer) to design, construct and operate a $32.5 million, 49,000 square foot medical office and wellness center on the MLK Medical Campus. The facility is co-anchored by an Ambulatory Surgical Center and the MLKCH Primary Care Medical Group (a Non-Profit Medical Group for Doctors serving South Los Angeles) and its Advanced Care Program. The Wellness Center also houses independent specialists including women and children’s health, behavioral health, general surgery, orthopedics, ophthalmology, urology, rheumatology, pulmonology, and oncology. The building will also provide the community with access to imaging and laboratory services, and a retail pharmacy. The Center creates 250 full-time healthcare jobs and serves over 49,000 patients annually.

mlkch.org/home

"Kyle Walton of Classic Lake Consulting was an essential partner in every phase of this transaction.  From the intake and marketing phase to allocation notification to transaction closing, Kyle did an excellent job assisting MLKCH in completing this transaction.  A major strength of Kyle’s is explaining the New Market Tax Credit program to lay audiences.  Kyle worked with the Board of Directors of both the hospital and our fundraising foundation to thoroughly explain and justify the benefits of a participating in New Market Tax Credit transaction.  We strongly recommend Kyle as a consultant for community-benefit transactions." 

-Dr. Elaine Batchlor, MD, CEO, Martin Luther King, Jr. Community Hospital

Angelique PoissonMartin Luther King Jr. Community Hospital