December 22, 2017
WHEFA Bond Financing Helps Upland Hills Health, Inc. Refinance in Dodgeville
Bonds Placed with Compass Mortgage Corporation
“Upland Hills Health is very grateful for WHEFA’s involvement in completing this refinancing. The favorable terms of our tax-exempt financing provided us significant savings. Those savings will help us fulfill our charitable purpose to provide care for and improve the health of the populations we serve in a high-quality cost-effective manner.”
– Karl Pustina, VP of Finance
Upland Hills Health, Inc.
Bond financing facilitated by WHEFA was used to help Upland Hills Health, Inc. refinance bonds previously issued by WHEFA in 2006. The net present value savings following the refinancing was approximately $8.1 million. This federally tax-exempt financing process has enabled Upland Hills Health, Inc. to operate more effectively by refinancing its capital expenses at a lower interest rate (initially 2.73%).
WHEFA is proud to have been able to assist Upland Hills Health, Inc. reduce their overall debt service by providing access to low-cost private capital.