December 29, 2021
WHEFA Bond Financing Helps Oakwood Lutheran Senior Ministries Construct and Refinance in Madison
Bonds Underwritten by B.C. Ziegler and Company
“Oakwood has nearly a 75-year history of serving Dane County seniors. Accessing tax-exempt financing to update our campuses has been a key, important factor in our history, a furtherance of our historic mission of care and service. WHEFA is a valued partner to us”.
– Reginald M. Hislop, III Ph.D., Chief Executive Officer
Oakwood Lutheran Senior Ministries
Bond financing facilitated by WHEFA will be used to help Oakwood Lutheran Senior Ministries construct a 60-unit replacement skilled nursing facility which is expected to include approximately 45 skilled nursing suites and approximately 15 end-of-life/palliative care and hospice suites, all to be located on the Oakwood Village University Woods campus in Madison, Wisconsin. Bond proceeds were also used to refinance bonds previously issued by WHEFA in 2016 and 2018. This tax-exempt financing process has enabled Oakwood Lutheran Senior Ministries to operate more effectively by financing and 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.