Kutak Rock served as special counsel to the Regents of The University of New Mexico in connection with its $320 million HUD 242/241 insured mortgage loan to finance a portion of The University of New Mexico Hospital's New Hospital Tower project. The tower will provide an additional 96 inpatient beds and 18 operating rooms.

The project also includes 1,400 additional parking spaces, and additional space for clinical laboratories and therapeutic services, a blood bank and other hospital facilities. The new facility will be located at Yale and Lomas, in Albuquerque. Completion of the project is expected in 2024.

Fred Marienthal worked on this transaction.