July 16, 2021

 

$8,100,000

WHEFA Bond Financing Helps PHM / New Richmond Senior Housing, Inc. Refinance in New Richmond

Bonds Underwritten by Northland Securities

 

“We very much appreciate the opportunity to again work with WHEFA to issue tax exempt bonds. Our ability to access their Issuing Authority and refinance the debt on a tax-exempt basis, allows us to operate the Deerfield as efficiently and affordably as possible.”

             —   Mark Meyer, Chief Financial Officer
                  Presbyterian Homes and Services

Bond financing facilitated by WHEFA was used to help PHM/New Richmond Senior Housing refinance certain outstanding indebtedness This tax-exempt financing process has enabled PHM/New Richmond Senior Housing to operate more effectively by refinancing its capital expenses at low interest rates.

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.