WHEFA Bond Financing Helps Aspirus, Inc. 
Construct, Renovate and Expand at Multiple Locations

Bonds Underwritten by Barclays and BofA Securities Inc. 

“Aspirus is a catalyst for creating healthy, thriving communities. Bond financing, including this one, allows Aspirus to create additional access to high-value care that is needed for communities across Wisconsin. ”
  -   Jerry Yang, Chief Financial Officer
      Aspirus, Inc.

Bond financing facilitated by WHEFA will be used to help Aspirus, Inc. to finance the construction, renovation, relocation, and expansion of health care facilities operated in Wisconsin and Michigan, including the construction of a new 26,000-square-foot hospital facility in Chippewa Falls, WI expected to include emergency and inpatient beds, as well as primary care, lab and imaging services. Bond proceeds were also used to repay a portion of certain taxable indebtedness.  This tax-exempt financing will enable Aspirus to expand its service offerings and operate more effectively by financing its capital expenditures 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.aspirus.org

New Advisory to Come

New Advisory to Come

WHEFA Bond Financing Helps Wisconsin Housing Preservation Corp.
Expand Affordable Housing Across Wisconsin

Bonds Underwritten by Piper Sandler & Co.  

“We are pleased to execute financing through tax-exempt bonds to provide much needed capital to improve our properties, preserve affordable housing, and develop and construct new affordable housing in Wisconsin.  Without the ability to use tax exempt bonds, we would not be able to provide higher quality housing with affordable rents to our residents.  This mechanism allows us to achieve efficient pricing to lower rents and provide much needed affordable housing.  This also alleviates high rent burdens that are affecting so many of our working populations in Wisconsin.”
- Mary Wright, President
 Wisconsin Housing Preservation Corp.

WHPC is the largest owner of affordable housing in the State of Wisconsin with over 9,000 affordable multifamily housing units, across 57 counties in Wisconsin, serving over 18,000 Wisconsin residents.

Bond financing facilitated by WHEFA will be used to help WHPC finance the construction of a new 50‐unit affordable housing project, Vicino, in Madison, Wisconsin.  Bond proceeds will also be used for the acquisition of affordable housing apartment projects in Green Bay, Fitchburg and Altoona, Wisconsin, as well as the renovation, remodeling and equipping of existing multifamily housing facilities of WHPC in Hartland, Burlington, Oak Creek, Menomonee Falls, Fond du Lac, and Glendale, Wisconsin, Bond proceeds were also used to refinance certain taxable loans. This tax-exempt financing will enable WHPC to operate more effectively by financing its capital expenditures at a low interest rate.

Website: www.whpc.com

WHEFA Bond Financing Helps Froedtert ThedaCare Health
Refinance in Appleton, Neenah, Berlin, Waupaca, Shawano, New London & Wild Rose

Bonds Placed with Morgan Stanley Bank 

“Froedtert ThedaCare Health’s capital strategy is built on the cornerstone of tax-exempt financing which provides cost-efficient access to capital for enterprise growth and delivery of health care services. We’re thankful for the support of WHEFA and its team.”
-  Scott Hawig, Chief Financial and Administrative Officer,     
   Froedtert ThedaCare Health

Bond financing facilitated by WHEFA will be used to help Froedtert ThedaCare Health refinance certain bonds previously issued by WHEFA in 2015.  This tax-exempt financing will enable Froedtert ThedaCare Health to operate more effectively by financing its capital expenditures 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.froedtert.com

WHEFA Bond Financing Helps Versiti, Inc. Expand in Wauwatosa

Bonds Placed with DNT Asset Trust 

“Versiti is marking a significant milestone for the future of blood health as construction begins on a $79 million expansion of the Versiti Blood Research Institute. This new, state-of-the-art facility is set to open in 2026 and will attract top scientific talent while driving innovative research that translates discoveries into lifesaving treatments, enhancing patient care globally. The project, supported by tax-exempt bonds, underscores our commitment to advancing healthcare while preserving financial stability. By leveraging these bonds, we can invest more resources into groundbreaking research and infrastructure, ultimately leading to an anticipated economic impact of more than $500 million for the state by 2050. This strategic funding approach is crucial for fostering sustainable growth and ensuring we continue to meet the critical needs of our community and beyond.”

- Derek Tyus, EVP and Chief Financial Officer
  Versiti, Inc.

Bond financing facilitated by WHEFA will be used to help Versiti finance the construction of a 78,000 square foot expansion of the Versiti Blood Research Institute adjacent to the existing facility on the MRMC Campus to support additional researchers.  This tax-exempt financing will enable Versiti 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.versiti.org

WHEFA Bond Financing Helps Kirkland Crossings, Inc.
Expand  in Pewaukee

Bonds Placed with Bremer Bank, National Association 

“Having access to tax exempt financing allows us to borrow at lower rates and therefore keep rents and other services as affordable as possible for the seniors we serve. We have had a great relationship with WHEFA in the past and appreciate their flexibility and partnership.”
- Mark Meyer, Chief Financial Officer
  Presbyterian Homes and Services

Bond financing facilitated by WHEFA will be used to help Kirkland Crossings finance its second phase of development that will include a 4-story building consisting of 77 apartments, underground parking and amenity spaces adjacent to the Kirkland Crossings existing campus.  This tax-exempt financing will enable Kirkland Crossings to operate more effectively by financing its capital expenditures 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.preshomes.org

WHEFA Bond Financing Helps ProHealth Care, Inc. Refinance in
Waukesha, Oconomowoc, Mukwonago, Pewaukee, Brookfield & Muskego

Bonds Underwritten by BofA Securities Inc. 

“The refinancing is estimated to save the health system $12.2 million over 10 years. A favorable interest rate is one of the key strengths of tax-exempt bond financing. Tax-exempt financing enables ProHealth to operate more effectively by financing its capital improvements at a favorable interest rate. ProHealth is pleased to support its patients and the communities it serves with more affordable health care through these refinancing costs savings.”
-  Andy Gutierrez, Chief Financial Officer
  ProHealth Care, Inc.

Bond financing facilitated by WHEFA will be used to help ProHealth Care refinance certain bonds previously issued by WHEFA in 2015.  This tax-exempt financing will enable ProHealth Care to operate more effectively by financing its capital expenditures 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.prohealthcare.org

WHEFA Bond Financing Helps Marshfield Clinic Health System, Inc.
Construct, Renovate, and Refinance in Central, Northern and Western Wisconsin

Bonds Underwritten by Barclays and BofA Securities 

“Marshfield Clinic Health System has been enriching lives to create healthy communities though accessible, affordable, compassionate health care for over 100 years.  Our partnership with WHEFA has provided access to low-cost, tax-exempt financing which funds projects that allow Marshfield to enrich lives and create healthy communities for the next 100 years and beyond.”

- Janette Townsend,  VP Finance - CFO Finance Operations          
and Chief Investment Officer
Marshfield Clinic Health System, Inc.

Bond financing facilitated by WHEFA will be used to help Marshfield Clinic Health System finance the acquisition, construction, demolition, installation, improvement, renovation, equipping and/or relocation of its healthcare facilities.  Bond proceeds were also used to refinance certain bonds previously issued by WHEFA in 2012, 2019, 2020 and 2022.  This tax-exempt financing will enable Marshfield Clinic Health System 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.marshfieldclinic.org

WHEFA Bond Financing Helps Dickson Hollow
Expand in Menomonee Falls

Bonds Underwritten by Northland Securities, Inc. 

“Having access to tax exempt financing allows us to borrow at lower rates and therefore keep rents and other services as affordable as possible for the seniors we serve. We have had a great relationship with WHEFA in the past and appreciate their flexibility and partnership.”
            -   Mark Meyer, Chief Financial Officer
                Presbyterian Homes and Services

Bond financing facilitated by WHEFA will be used to help PHW Menomonee Falls, Inc. d/b/a Dickson Hollow finance the construction of a new 4-story building that will contain an additional 118 independent living apartments that will expand the current campus.  This tax-exempt financing will enable Dickson Hollow 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.preshomes.org

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

Bonds placed with DNT Asset Trust 

“The Authority provides a simple, streamlined process that facilitated Bellin Health achieving nearly $4 million in interest cost savings.  The savings will allow us to continue to better serve the community.”
        - John Ceelen, Chief Financial Officer
          Bellin Health Systems, Inc.

Bond financing facilitated by WHEFA will be used to help Bellin Memorial Hospital, Inc. refinance certain bonds previously issued by WHEFA in 2015.  This tax-exempt financing will enable Bellin Health 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.bellin.org

WHEFA Bond Financing Helps Lawrence University of Wisconsin
Expand in Appleton

Bonds Placed with Associated Bank, N.A. 

“As a not-for-profit higher-education institution, Lawrence was looking for low-cost financing for a critical project that will serve the interests of Lawrence’s students (both current and future) as well as multiple communities throughout the Fox Valley. Tax-exempt financing achieves this outcome for Lawrence. We are excited to continue to strengthen our relationship with our Fox Valley partners. We will not understate the benefits this has for our students (current and future) and for those within our local communities.”

        - Samir Datta, Vice President for Finance & Administration
         Lawrence University of Wisconsin

Bond financing facilitated by WHEFA will be used to help Lawrence University of Wisconsin finance the construction of a new 4-story building in downtown Appleton that will be a collaboration between Lawrence University and Trout Museum of Art. The University will own the top three floors of the building which will house academic space for the conservatory of music and college departments including math, data science and humanities as well as housing.  This tax-exempt financing will enable Lawrence University of Wisconsin 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.lawrence.edu

WHEFA Bond Financing Helps Woodside Senior Communities
Expand in Ashwaubenon

Bonds Placed with BMO Investment Company LLC & Nicolet National Bank 

“Woodside Senior Communities’ current campus is organized for the purpose of providing health care and senior housing services to individuals in the general geographic area of the Green Bay Conference of the East Central Wisconsin Synod of the Evangelical Lutheran Church of America. The new project will be owned and used exclusively by this nonprofit entity.  The revenue from this project will help to offset increasing deficits as reimbursement rates from Medicare, Medicaid and other insurances continue to decrease and do not cover the full cost of care.”
        - Polly Gretzinger, Executive Director
          Woodside Senior Communities

Bond financing facilitated by WHEFA will be used to help Woodside Senior Communities finance the construction of a new 83-unit active adult living apartment complex.  The Borrower is expanding its service line to include an active adult community, geared for those typically age 50+ who are active in the community and may even still be working.  This tax-exempt financing will enable Woodside Senior 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.woodsideseniorcommunities.org

WHEFA Bond Financing Helps Three Pillars Senior Living Communities 
Expand in Dousman

Bonds Underwritten by Cain Brothers, a division of KeyBanc Capital Markets  

“Since 1905, Three Pillars has served thousands upon thousands of residents and families. As a not-for-profit, our proceeds are reinvested back into the organization to improve our product and services, as well as providing care for residents who may outlive their assets. When we can secure tax-exempt financing, it allows us to invest even more money to directly support our residents. In addition, the charitable contributions to our mission over the past century have helped build our strong balance sheet that investors find attractive.”
        - Jean Freuck, CFO / VP of Finance and Sales
          Three Pillars Senior Living Communities

Bond financing facilitated by WHEFA will be used to help Three Pillars Senior Living Communities finance the construction of 110 units as well as the development of a town center to provide new amenities for the entire Campus and create a neighborhood style of living.  This tax-exempt financing will enable Three Pillars Senior Living 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.threepillars.org

WHEFA Bond Financing Helps Fort HealthCare Inc. Remodel in Fort Atkinson

Bonds Underwritten by BofA Securities 

“Access to tax-exempt financing is allowing Fort HealthCare to economically invest in its physical plant in a way that will help keep its ongoing operating costs low through the reduced interest rate burden.”
        - James Nelson, SVP/CFO
          Fort HealthCare, Inc.

Bond financing facilitated by WHEFA will be used to help Fort HealthCare, Inc. finance the conversion of the Hospital’s existing and original 1949 building into medical office clinics and administrative suites as well as other routine capital improvements.  This tax-exempt financing will enable Fort HealthCare, 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.forthealthcare.com

WHEFA Bond Financing Helps Forensic Science and Protective
Medicine Collaboration, Inc. Construct in Wauwatosa

Bonds Underwritten by Raymond James and Blaylock Robert Van, LLC

“Tax-exempt financing of the Forensic Science and Protective Medicine facility will provide the taxpayers the best terms available to finance the construction of this State and County partnership facility.”
       - Jeffrey R. Bornemann, President
         Forensic Science and Protective Medicine Collaboration, Inc.

Bond financing facilitated by WHEFA will be used to help Forensic Science and Protective Medicine Collaboration, Inc. finance a historic public-private collaboration with the State of Wisconsin (the “State”) and Milwaukee County (the “County”) to construct the new Forensic Science and Protective Medicine Facility (the “Facility”).  The Facility will be divided into two units.  One unit will house the State of Wisconsin Crime Lab which will include a demonstration lab, a DNA analysis unit, a chemistry section comprising a controlled substances unit, a toxicology unit and a trace evidence unit, and a criminalistics section comprising a firearms and toolmark unit, an identification unit, an imaging unit, and a crime scene response unit.  The other unit will house the Milwaukee County Medical Examiner’s Office and the Milwaukee County Office of Emergency Management and other offices for various other administrative, academic and research purposes and will include morgue and toxicology facilities for the medical examiner’s office.  The project also includes a parking structure for the Facility.

The State and County will each purchase their respective unit from Forensic Science and Protective Medicine Collaboration, Inc. upon substantial completion of construction of the facility.

This tax-exempt financing will enable Forensic Science and Protective Medicine Collaboration, 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.mcw.edu

WHEFA Bond Financing Helps Reedsburg Area Medical Center Expand Rural Access in Reedsburg

Bonds placed with First Madison Investment Corporation,
an Affiliate of First Business Bank

“The new clinic has been a “want” for several years.  Due to the growing need for access to primary care and a huge need for the underserved in behavior health, the new Rural Health Clinic has become an absolute necessity.  The new Clinic will allow Reedsburg Area Medical Center to continue to recruit primary care and behavioral health providers into our growing community. We are grateful that WHEFA has been able to provide tax exempt funding for this much needed project.”
        - Barry Borchert,
          Vice President-Finance/Chief Financial Officer       
          Reedsburg Area Medical Center, Inc.

Bond financing facilitated by WHEFA will be used to help Reedsburg Area Medical Center, Inc. finance the construction of a new 48,700 square foot standalone rural health clinic that will include a behavioral health, women’s health, primary care, walk-in care, diabetic education and a retail pharmacy in Reedsburg, Wisconsin.  This tax-exempt financing will enable Reedsburg Area Medical Center, 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.ramchealth.com

WHEFA Bond Financing Helps Milwaukee Regional Medical Center Utility and Infrastructure Obligated Group Improve in Wauwatosa

Bonds placed with Town Bank, N.A.  

“Milwaukee Regional Medical Center is proud to provide the infrastructure and utility improvements on this campus to enable the continued growth of critically necessary healthcare services, research, and medical education. This financing will allow MRMC to improve the access to and around the campus, enhance the safety of our roads, and ensure the infrastructure is established for currently planned and future growth.”
- Rachel Stauffer, Vice President of Finance
Milwaukee Regional Medical Center

Bond financing facilitated by WHEFA will be used to help Milwaukee Regional Medical Center Utility and Infrastructure Obligated Group (MRMC) finance costs associated with the extension of Doyne Ave and 95th Street, a new driveway to a campus building, and thermal laterals to a new forensic science building.  This tax-exempt financing process has enabled MRMC 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.mrmccampus.org

WHEFA Bond Financing Helps Carthage College Repair and Replace in Kenosha

Bonds placed with JPMorgan Chase Bank, N.A. 

“Carthage College recently completed a series of significant projects, including the renovation of the Lentz Hall building to support the growing needs of its Engineering Department. The upgraded Lentz Hall is expected to enhance the academic experience for engineering students by providing modern classrooms, labs, and collaborative spaces. The investment aligns with Carthage's commitment to strengthening its academic programs and expanding opportunities for students pursuing careers in engineering.”
- Vince Ceja,
Vice President for Finance and Chief Financial Officer
Carthage College

Bond financing facilitated by WHEFA was used to help Carthage College with the acquisition, installation, replacement and/or repair of various equipment, elevators, boilers, fire alarms and security systems and of the College’s software systems.  This tax-exempt financing process has enabled 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 Kenosha Area Business Alliance Foundation, Inc. 
Construct and Revitalize in Kenosha

Bonds Placed with State Bank of the Lakes, N.A.  

“The expansion of LakeView Technology Academy is a very important project that simply wouldn’t have been possible without WHEFA’s tax-exempt financing. Bringing our blue-ribbon STEM academy – recently named the second-best high school in Wisconsin – to the Kenosha Innovation Neighborhood in the heart of Kenosha, allows us to upgrade the facilities and expand STEM education offerings to all Kenosha Unified high school students.”
        - Brock Portilia, Director of Finance and Administration
          Kenosha Area Business Alliance Foundation, Inc.

Bond financing facilitated by WHEFA will be used to help the Kenosha Area Business Alliance Foundation, Inc. finance the construction of a new 50,000 square foot replacement school building for Lakeview Technology Academy, a choice high school within the Kenosha Unified School District with a partnership with Gateway Technical College.  The new replacement school facility will be located in the Kenosha Innovation Neighborhood at the former Chrysler-Kenosha Engine Plant site.  This tax-exempt financing will enable the Kenosha Area Business Alliance Foundation, 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.kaba.org

WHEFA Bond Financing Helps Stoughton Hospital Association Construct in Stoughton

Bonds Placed with First Madison Investment Corporation 

“We were fortunate to once again have a partner like WHEFA to provide us with a way to issue tax-exempt bonds which helps us to keep the cost of financing lower.  Keeping financing costs lower allows us to continue to grow service lines, exceed expectations of our patients and staff, and better serve the communities in our service area.  As with our previous issues, we truly appreciate the expertise and professionalism of the WHEFA staff.”
        - Michelle Abey, Vice President – Finance/CFO
          Stoughton Hospital Association

Bond financing facilitated by WHEFA will be used to help Stoughton Hospital Association finance the construction of a new 56,000 sq. ft. medical outpatient building that will contain dedicated space for specialty clinics, and new, enhanced space for cardiac, pulmonary, physical, occupational and speech rehabilitation.  This tax-exempt financing will enable Stoughton Hospital Association 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.stoughtonhealth.com

WHEFA Bond Financing Helps Carroll University, Inc. 
Fund Energy Improvement Initiatives in Waukesha

Financing Provided though Siemens Public, Inc.  

“Tax-exempt financing plays an important role in supporting Carroll University’s mission. The financial benefit of reduced borrowing costs for campus improvements allows Carroll to direct more resources toward enhancing educational opportunities and enriching the Carroll experience for our students.”
        - Andy Hoban, Interim Vice President for Finance
          Carroll University, Inc.

Project financing facilitated by WHEFA was used to help Carroll University finance costs associated with the acquisition and installation of certain energy improvement equipment and measures and renovations, including weatherization and retro-commissioning, on the University campus.  This tax-exempt financing will enable Carroll 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.carrollu.edu

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.milwaukeeacademyofscience.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