October 13, 2021
$38,680,000
WHEFA Bond Financing Helps PHW Muskego, Inc, Construct in Muskego
Bonds Underwritten by B.C. Ziegler and Company
“Tax- exempt financing is critical in lowering the costs of financing. It enables us to make our apartments and services available to residents at rates lower than what would be required to support conventional financing.”
– Mark Meyer, Chief Financial Officer
Presbyterian Homes and Services
Stair Crest campus in Muskego
Bond financing facilitated by WHEFA will be used to help PHW Muskego construct an approximately 120-unit senior residential facility which is expected to include 80 independent living apartments, 40 assisted living apartments, 20 of which are designated for memory care, and a town center, all to be located on approximately nine acres of land in the City of Muskego, Wisconsin. This tax-exempt financing process has enabled PHW Muskego to operate more effectively by financing 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.
