$134.255 Million in tax-exempt bond financing secured for premier seniors housing development
United States, May 6 -- JLL and HJ Sims announced that they have arranged $134.255 million in tax-exempt bond financing for Millenia Moments Orlando, a 261-unit seniors housing community to be built in Orlando, Florida.Co-underwriters JLL Securities and HJ Sims, in collaboration with JLL Capital Markets' Seniors Housing team, secured the fixed-rate financing with a final maturity of 40 years on behalf of the borrower, Trinity Community Development Foundation, a nonprofit entity formed by Trinity Broadcasting Network (TBN). The financing consisted of $134.255 million of publicly offered tax-exempt senior series 2025A bonds. Vitality Senior Living will operate and manage the community. Anticipated for delivery in 2027, Millenia Moments Orland...
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