August 3, 2016
WHEFA Bond Financing Helps The Monroe
Clinic, Inc. Refinance in Monroe
“Working with WHEFA on our 2016 bond issue was a great experience. The savings resulting from the issuance of tax exempt bonds through WHEFA will allow Monroe Clinic to continue to invest in the health of the communities we serve. The staff at WHEFA make the process move smoothly.”
— Jim Nemeth, CFO
The Monroe Clinic, Inc.
Bond financing facilitated by WHEFA was used to help The Monroe Clinic, Inc. refinance bonds previously issued by Redevelopment Authority of the City of Monroe in 2009. The net present value savings following the refinancing was approximately $10.8 million. This tax-exempt financing process has enabled The Monroe Clinic, Inc. to operate more effectively by financing its capital expenses at lower interest rates (3.00-5.00%).
WHEFA is proud to have been able to assist The Monroe Clinic, Inc. by reducing their overall debt service and allowing them to grow and compete by providing access to low-cost private capital.