REFINANCING LED TO HJ SIMS PROVIDES DEBT SERVICE SAVINGS AND LIQUIDITY RELIEF IN ANTICIPATION OF CAMPUS REPOSITIONING PROJECT
REFINANCING LED TO HJ SIMS PROVIDES DEBT SERVICE SAVINGS AND LIQUIDITY RELIEF IN ANTICIPATION OF CAMPUS REPOSITIONING PROJECT
2 PagesCASE STUDY PARTNERED RIGHT ® Burcham Hills Retirement Center II (“Burcham Hills”) is a Michigan not-for- profit corporation formed in 1989 that owns and operates a rental retirement community located in the City of East Lansing, Michigan currently consisting of (i) 164 residential units, comprised of 57 independent living units, 39 assisted living units, and 68 memory care units located in a five-story, three wing building and (ii) a 133-bed skilled nursing facility, comprised of 72 beds dually licensed as Medicaid/ Medicare and 61 beds licensed as Medicare only. Since Burcham Hills was formed, HJ Sims has served as its investment banker, providing advisory services and serving as underwriter on its fixed-rate bond financings for multiple financings. STRUCTURED RIGHT ® HJ S
