March 7, 2023

 

$37,480,000

WHEFA Bond Financing Helps LindenGrove Communities Acquire and Update in Waukesha, New Berlin, Mukwonago and Menomonee Falls

Bonds Placed with Deutsche Bank Securities, Inc.

“LindenGrove Communities has utilized WHEFA’s financing expertise for all of our bond financing requirements and have always appreciated their guidance and professionalism.  This particular bond issue involved many unique and somewhat burdensome qualities that required the parties to be nimble.  We cannot say enough about the WHEFA team’s flexibility and accommodating nature in managing through the fluid nature of this transaction.”
        – Mark Sperka, President & CEO
          LindenGrove Communities

Bond financing facilitated by WHEFA will be used to help LindenGrove Communities, LLC, an affiliate of Marquardt Village, Inc., finance the acquisition of substantially all of the assets of LindenGrove, Inc. as well as finance capital improvements across four campuses, including infrastructure and technology upgrades, mechanical upgrades, a nurse call system and Wi-Fi replacements.  This tax-exempt financing will enable LindenGrove Communities to operate more effectively by financing its capital expenses at a low interest rate.

WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit organizations by providing access to tax-exempt financing to fund their capital improvement and expansion needs.