Ziegler Closes Financing for Carolina Village
Ziegler is pleased to announce the successful pricing of Carolina Village’s $45,600,000 Series 2026A Bonds. Incorporated in 1972 Carolina Village owns and operates a Type-A life plan community located on 94.8-acres in Hendersonville, North Carolina. At present, Carolina Village has a wait list of over 1,000 prospective resident and operates 370 independent living residences (235 apartments / 135 cottages), 60 private assisted living residences and 58 private skilled nursing beds. Bond proceeds will primarily be used to refund outstanding 2017A Bank Bonds, fund a sewer lining project and fund pre-construction costs associated with a future expansion project.