December 23, 2015
WHEFA Bond Financing Helps Gundersen Clinic, Ltd. Construct a Replacement Medical Clinic in Sparta
“Our intent in obtaining financing for this project was to utilize a number of local financial institutions to obtain tax-exempt financing. The goal was to make this a community project in as many ways as possible. WHEFA was totally instrumental in facilitating the financing and allowing us to achieve this goal.”
-Don Brueggen, Director, Treasury
Gundersen Health System, Inc.
Bond financing facilitated by WHEFA will help finance the acquisition, construction and equipping of an approximately 35,000 square-foot replacement medical clinic located in Sparta, Wisconsin. This federally tax-exempt financing process has enabled Gundersen Clinic, Ltd. to operate more effectively by financing its capital expenses at a lower interest rate (initially 2.63%).
Take a virtual tour of the new facility site at: http://www.gundersenhealth.org/video/gundersen-news/sparta-clinic-construction-progress
WHEFA is proud to have been able to assist Gundersen Clinic, Ltd. by reducing their overall debt service and allowing them to grow and compete by providing access to low-cost private capital.