Ziegler Closes $73,295,000 Expansion Financing For Penick Village
Summary
Series Tax Exempt Mandatory Paydown Securities SM : represents the short-term portion of the financing that will be repaid with initial entrance fees from the new independent living units. Penick Village provides a tremendous retirement option to the Southern Pines community that will be enhanced by the exciting attributes of the Project. We look forward to the growth that will occur on campus as Penick welcomes its new units and amenities," said Tommy Brewer, Managing Director, Ziegler.Ziegler is the nations leading underwriter of financings for not-for-profit senior living providers. It has a unique focus on healthcare, senior living, and education sectors, as well as general municipal and structured finance. To learn more, visit http://www.ziegler.com.Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995.