December 30, 2019

 

$6,490,000

WHEFA Bond Financing Helps SASC, Inc. Refinance in Milwaukee

Bonds Underwritten by Northland Securities

“St Anne’s has a 144-year history of serving the frail elderly in Milwaukee. Our partnership with WHEFA has afforded St Anne’s with tax-exempt financing to enable us to offer a new version of care that is more affordable and desirable to those we serve and to expand the continuum of care so that commitment to care lasts forever.”
– Janet Krahn, Chief Executive Officer
St. Anne’s Salvatorian Campus

Bond financing facilitated by WHEFA was used to help SASC refinance bonds previously issued by WHEFA and certain other taxable indebtedness. This tax-exempt financing process has enabled SASC to operate more effectively by refinancing its capital expenses at low interest rates (2.60-4.00%).

WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.