Ziegler Closes $32.5M Bond Financing for Lourdes Senior Community
Specialty investment bank Ziegler completed a $32.45M financing package for Lourdes Senior Community, combining refunding bonds and a bank draw facility.
Ziegler, a Chicago-based specialty investment bank, announced the successful closing of a $32,453,000 financing deal for Lourdes Senior Community, structured as a Series 2026 transaction. The package comprises two distinct instruments designed to address both existing debt obligations and new capital needs.
The financing is split between $14,453,000 in Series 2026A Refunding Revenue Bonds and $18,000,000 in Series 2026B Bank Draw financing. The refunding component is intended to restructure prior debt, a common strategy used by senior living operators to lower borrowing costs or extend repayment timelines under more favorable market conditions.
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Lourdes Senior Community joins a growing list of nonprofit and faith-based senior living organizations that have turned to specialty bond financing to fund operations and capital improvements. Demand for senior housing infrastructure financing has remained elevated as the U.S. population ages and operators seek sustainable capital structures.
Ziegler has established itself as one of the more active underwriters in the senior living and healthcare bond market, regularly arranging tax-exempt and taxable debt on behalf of mission-driven organizations across the country. The firm's role as sole underwriter on the Lourdes transaction reflects its continued focus on that niche sector.
Continue reading at Real Estate for additional details on the transaction structure and Lourdes Senior Community's capital plans.
