SENIORS HOUSING BUSINESS

Ziegler Arranges $110.9M Financing for Westminster CCRC Expansion in Austin

Ziegler, acting as bank placement agent, has arranged $110.9 million in financing for Westminster, a nonprofit continuing care retirement community (CCRC) in West Central Austin. The financing is a combination of $63.9 million in bank bonds and a $47 million short-term loan. The borrower expects to retire the short-term loans using entrance fees from an expansion project.

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