Zeigler Secures $44.2M in Bond Financing for Seniors Housing Community in Colorado
Colorado Springs, CO – Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $44,185,000 unrated, fixed-rate Series 2015 Bond issue for Sunny Vista Living Center.
Sunny Vista Living Center, a Colorado not-for-profit corporation (Sunny Vista Living Center or Sunny Vista, or SVLC), offers a total of 110 skilled nursing beds and 50 one-bedroom independent living apartments that serve seniors and disabled adults with Section 8 subsidies through the U.S. Department of Housing and Urban Development (HUD).
The 2015 project included a plan to develop 38 assisted living units and 28 memory care units (32 beds) (the New Assisted Living Facility) located on an approximately 4.78 acre site with a street address of 2450 East Cache La Poudre Street, Colorado Springs, Colorado. The New Assisted Living Facility is planned to comprise approximately 55,500 square feet and include a multi-purpose lounge with fireplace and attached outdoor deck, life enrichment room, life skills lounge, family room with connected outdoor patio, private dining room, sun room, a bathtique, staffing offices and central outdoor patio and garden with walking path.
“Ziegler is pleased to have served our friends at Sunny Vista. To have the opportunity to be a part of Sunny Vista’s organizational growth and to share in its newly offered full continuum of care across generations is fulfilling. We look forward to the opening of the new Assisted Living Facility,” commented, Will Carney, Managing Director in Ziegler’s Senior Living Finance practice.
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