KIRKWOOD, Mo. — Ziegler, a specialty investment bank, has closed $122.5 million in tax-exempt, fixed-rate bonds for Ashfield Active Living and Wellness Communities. The company will use the bonds for Aberdeen Heights, a 318-unit continuing care retirement community in the St. Louis suburb of Kirkwood.
Finance
KeyBank Provides $16.3M in Financing for Construction of Affordable Community in New York
by Jeff Shaw
GEDDES, N.Y. — KeyBank’s Community Development Lending & Investment (CDLI) team will provide $16.3 million in financing to Christopher Community Inc. for the construction of Harborbrook Apartments, a mixed-income seniors housing development in the Syracuse suburb of Geddes.
LAMAR, Colo., MONTE VISTA, Colo., and MYRTLE POINT, Ore. — Lancaster Pollard has arranged $9.5 million in FHA financing for Summit Healthcare REIT. The loans will refinance the acquisition loans on three skilled nursing facilities in the Western United States.
KALISPELL, Mont. — Ziegler, a specialty investment bank, has arranged a total of $65.4 million in tax-exempt, fixed-rate bonds for Immanuel Lutheran Corp., which operates a seniors housing community in Kalispell, approximately 75 miles south of the Canadian border.