WHEFA Bond Financing Helps the Milwaukee Science Education Consortium, Inc. Refinance in Milwaukee

Bonds Underwritten by Robert W. Baird & Co. 

“The Milwaukee Academy of Science is a K4-12 charter school, operating since 2000, and provides rigorous 21st century curriculum for urban students with the goal to prepare students to compete successfully in science at the post-secondary level. This refinancing will allow for the Charter School to continue to provide a rigorous education by refinancing higher interest cost debt and allow for the school to free up funds to continue investing in their students.”
        - Pat Cornett, Chief Financial Officer
         Milwaukee Science Education Consortium, Inc.

Bond financing facilitated by WHEFA was used to help the Milwaukee Science Education Consortium, Inc. refinance certain indebtedness.  This tax-exempt financing will enable the Milwaukee Science Education Consortium, Inc. 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.

Website: www.mdcorp.org

WHEFA Bond Financing Helps Madison Development Corporation Construct Workforce Housing in Middleton

Bonds Placed with First Madison Investment Corporation 

“As a non-profit, 501c3 workforce housing developer, Madison Development Corporation relies on tax exempt financing to bring quality workforce housing to Wisconsin.”
- Abbie Wallhaus, VP of Finance / CFO
Madison Development Corporation

Bond financing facilitated by WHEFA will be used to help Madison Development Corporation finance the construction of a new multifamily development to be known as “The Mill Apartments” in Middleton, Wisconsin.  The Project will include 52 units of affordable workforce housing in a transit-oriented district.  This tax-exempt financing will enable Madison Development Corporation 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.

Website: www.mdcorp.org

WHEFA Bond Financing Helps Mount Mary University Refinance in Milwaukee

Bonds Placed with First Business Bank

“We were fortunate and grateful to refinance our debt at a reasonable rate due to our access to tax-exempt financing via WHEFA.”
        – Dr. Isabelle Cherney, President
          Mount Mary University, Inc.

Bond financing facilitated by WHEFA was used to help Mount Mary University refinance certain bonds previously issued by WHEFA in 2014. This tax-exempt financing will enable Mount Mary University 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.

Website: www.mtmary.edu

WHEFA Bond Financing Helps Wellpoint Care Network, Inc. to Renovate in Milwaukee

Bonds Placed with Johnson Bank

“This project transforms how we can utilize our campus to better serve the people in our care, support our staff and engage the neighbors and citizens in our NW Milwaukee location. Access to lower-cost financing allows us to implement our campus plan in a shorter time frame than using traditional financing.”
   -Ann Leinfelder Grove, President and CEO
   Wellpoint Care Network

Bond financing facilitated by WHEFA will be used to help Wellpoint transform its campus into a vibrant neighborhood anchor where families, neighbors and community partners will find trauma-informed social services, mental health resources and a place to connect, collaborate and care for themselves and one another.  This tax-exempt financing will enable Wellpoint 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.

Website: www.wellpoint.org

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.

Website: www.lindengrove.org

WHEFA Bond Financing Helps Lawrence University of Wisconsin Reinvest and Update Facilities in Appleton

Bonds Placed with DNT Asset Trust

“With a tradition of excellent and affordable liberal arts and sciences education going back to 1847, Lawrence is in our community for the long haul. It takes constant reinvestment to keep our facilities up to date. Tax-exempt financing is a critical tool for keeping our borrowing costs low for capital renewal, so Lawrence can spend those dollars on improving educational resources instead of interest payments.”
 – Samir Datta, Vice President for Finance and Administration
  Lawrence University of Wisconsin

Bond financing facilitated by WHEFA will be used to help Lawrence University finance certain capital projects on its campus including the renovation of student residential and academic buildings, improvements to athletic facilities, acquisition of an office building, replacement of critical campus utilities and infrastructure.  Bond proceeds were also used to refinance certain bonds previously issued by WHEFA in 2014.  This tax-exempt financing enabled Lawrence University 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.lawrence.edu

WHEFA Bond Financing Helps Bellin Memorial Hospital, Inc. Construct and Renovate in Ashwaubenon and Green Bay

Bonds underwritten by BofA Securities, Inc. and Piper Sandler & Co.

“Bellin is extremely appreciative of the opportunity to work with WHEFA.  As a result of the extremely efficient process, we were able to complete our public financing in a short period of time.  The project Bellin is financing will grow the number of healthcare jobs in Northeastern Wisconsin and we will be able to take care of more people through this expansion.  Finally, the ability to improve a blighted location within our community will lead to further development in this area.  Because the area was blighted we are also able to issue all of the bonds as both federal and state tax exempt which will afford a lower cost of issuance for the organization.”
– James Dietsche, EVP-Chief Financial Officer
Bellin Health Systems, Inc.

Bond financing facilitated by WHEFA will be used to help Bellin Memorial Hospital, Inc. (the “Hospital”) construction Phase I of a five-story, approximately 256,000 square foot building that includes development of a free-standing ambulatory surgery center and multi-specialty clinic in the Village of Ashwaubenon, Wisconsin. Bond proceeds are also expected to be used to finance a portion of a nursing unit project at the Hospital in Green Bay, Wisconsin. This tax-exempt financing enabled the Hospital 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.bellin.org/

WHEFA Bond Financing Helps United Lutheran Program for the Aging Reposition and Refinance in Wauwatosa

“Luther Manor provides nearly $5 million in unreimbursed charity care a year in part because of generous donors and a business model that puts mission before profits. We also rely on access to tax-exempt financing to help us fund needed improvements and to bring critical programming to our community. Without the benefit of a tax-exempt rate, especially with interest rates climbing, we would not be able to afford the cost of funds needed to enhance our community and address the changing care needs of our residents. Our ability to remain strong after 60 years and ensure our mission of care continues relies on strong partners like WHEFA and access to tax-exempt financing.”
– Stephanie Chedid, President & CEO
United Lutheran Program for the Aging

Bond financing facilitated by WHEFA will be used to help United Lutheran Program for the Aging finance a new 18-bed community based residential facility memory care program, enhance its transitional care program and related therapy gym, and improve staff efficiency.  Bond proceeds were also used to refinance certain bonds previously issued by WHEFA in 2012.  This tax-exempt financing process has enabled United Lutheran Program for the Aging 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.luthermanor.org/

WHEFA Bond Financing Helps
Gundersen Health System Refinance in La Crosse

Bonds Placed with DNT Asset Trust 

“Tax-exempt financing enables Gundersen to execute our mission of improving the health of our communities, easing the financial burden of healthcare and offering an outstanding experience of care.”
Jerry Oetzel, Chief Financial Officer
Gundersen Health System

Bond financing facilitated by WHEFA will be used to help Gundersen Health System refinance certain bonds previously issued by WHEFA in 2012. This tax-exempt financing enabled Gundersen 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.gundersonhealth.org 

WHEFA Bond Financing Helps Eau Claire Community Complex, Inc.

Bonds Placed with BMO Harris Bank N.A.

“Access to tax-exempt financing is key to the viability of this project.  The lower-cost construction financing helped us in securing the philanthropy for the project as well.  Knowing that we will be making the greatest use of all the financial resources available to us, ensures that this project will be a cost-effective way to add a major physical asset to the university and community.  We have learned that using all available resources and collaborating with partners means we end up with the best possible project.”
– Kimera Way, President
Eau Claire Community Complex, Inc.

Bond financing facilitated by WHEFA will be used to help build the Sonnentag Event Center and John and Carolyn Sonnentag Fieldhouse in Eau Claire, which will benefit the University of Wisconsin-Eau Claire (UWEC) and surrounding community. This transformative facility will include a 5,000-capacity event center, two-story center for health and wellbeing, offices for UWEC’s Blugold Athletics, four sport courts, 100-yard turfed indoor sport field and the Mayo Clinic Health System Diagnostic Imaging and Sports Medicine Center. This tax-exempt financing enabled the Eau Claire Community Complex (the facility owner) 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.foundation.uwec.edu/support-your-passion/buildings-facilities/sonnentag/

WHEFA Bond Financing Helps Benevolent Corporation Cedar Community Reposition in West Bend

Bonds Placed with Old National Bank

“Cedar Community appreciates having the ability to manage our debt service costs through tax-exempt financing, allowing us to repurpose existing building space to serve older adults in new ways and creating new revenue streams that will ensure the organization’s continued success.”

– Joe Pichler,
Vice President of Finance
Benevolent Corporation Cedar Community

Bond financing facilitated by WHEFA will be used to help Benevolent Corporation Cedar Community finance the repositioning of the main healthcare center building on its Cedar Lake Campus by consolidating the skilled nursing households and rehabilitation beds, creating new therapy space, adding 15 independent living loft-style apartments, and 16 additional independent living plus apartments. The project scope also includes additional dining, social, and wellbeing spaces, as well as additional administration areas, garages for residents and exterior improvements. This tax-exempt financing process has enabled the Benevolent Corporation Cedar Community 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.cedarcommunity.com

WHEFA Bond Financing Helps Mile Bluff Medical Center Construct and Renovate in Mauston

Bonds Placed with Signature Public Funding Corp.

“The benefits to tax-exempt debts are lower cost in interest over a longer period. As a non-profit healthcare organization, we are invested in keeping the cost of healthcare at the lowest while keeping the health system viable. Our organization is rooted in the community and needs means to stay independent and tax-exempt bonds are part of the means needed to accomplish serving our communities with limited resources.”
– Rebecca Oetzman,
Vice President/Chief Financial Officer
Mile Bluff Medical Center

Bond financing facilitated by WHEFA was used to help Mile Bluff Medical Center finance the remodeling of its inpatient pharmacy, outpatient cancer care unit, and obstetrical unit, as well as the acquisition and remodeling of a vacant Shopko building into an urgent care, retail pharmacy and dialysis unit. This tax-exempt financing process has enabled the Mile Bluff Medical Center 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.milebluff.com

WHEFA Bond Financing Helps Saint John’s Communities, Inc. Refinance in Milwaukee

“WHEFA continues to provide innovative solutions to help manage the cost of capital. Use of a forward delivery mechanism allowed us to lock while rates were low generating significant savings, a real win especially as labor and other costs continue to rise.”
 –  Renee Anderson, President
    Saint John’s Communities, Inc.

Bond financing facilitated by WHEFA was used to help Saint John’s Communities refinance certain bonds previously issued by WHEFA in 2012 and 2015.  This tax-exempt financing process has enabled Saint John’s Communities 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.

Website: www.saintjohnsmilw.org

WHEFA Bond Financing Helps Carthage College Construct & Renovate in Kenosha

“Carthage is a not-for-profit organization that educates students for participation in a democratic society and in the workforce. Our education enables them to master the practical knowledge, practical skills, and soft skills they need to thrive in society and in their work. The region, state government, and the nation benefit as a result.”
– David Timmerman, Provost
Carthage College

Bond financing facilitated by WHEFA was used to help Carthage College construct a new campus maintenance building to make room for a new engineering department in vacated maintenance space within an existing academic building, as well as complete renovations to its softball field and certain HVAC units on the campus.  This tax-exempt financing process has enabled the Carthage College 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.carthage.edu

WHEFA Bond Financing Helps UW-Platteville Real Estate Foundation Refinance in Platteville

Bonds Placed with MidWestOne Bank

“This refinancing allowed the UW-Platteville Real Estate Foundation to reduce our annual debt service which will enable us to better serve the UW-Platteville Foundation and the students at the University.  WHEFA and our refinancing partners made the process smooth and fit into our schedule.  This is our second successful venture with WHEFA.”
– Bill Kloster, Executive Director
UW – Platteville Real Estate Foundation, Inc.

Bond financing facilitated by WHEFA was used to help the UW-Platteville Real Estate Foundation (the “Foundation”) refinance certain indebtedness.  This tax-exempt financing process has enabled the Foundation 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 institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.

Website: www.uwplatt.edu/building/roundtree-commons