Ziegler Arranges $57.5M in Bond Financing for 219-Unit CCRC in Seattle

by Jeff Shaw

SEATTLE — Ziegler, a specialty investment bank, has closed $57.5 million in bonds for Bayview Manor Homes, the nonprofit operator of Bayview, a continuing care retirement community in Seattle’s Queen Anne neighborhood.

The CCRC was built in 1961 and is just blocks from Key Arena, McCaw Hall and the Space Needle. It features 124 independent living apartments, 45 assisted living apartments and 50 skilled nursing beds, as well as an intergenerational childcare center.

The unrated, fixed-rate bonds will be used for adding new independent living units, as well as a new, two-story assisted living and memory care building, among other capital improvements. 

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