Florida Development Finance prepares $52.08 million senior living deal

By Sheri Kasprzak

New York, Feb. 9 – The Florida Development Finance Corp. is expected to price $52.08 million of series 2016 senior living revenue bonds for the Tuscan Isle ChampionsGate project, according to a preliminary official statement.

The deal includes $48,735,000 of series 2016A bonds and $3,345,000 of series 2016B taxable bonds.

The bonds will be offered through H.J. Sims & Co.

The maturities have not been set.

Proceeds will be used to construct, equip, acquire, renovate and furnish a senior living community to be known as Volterra at ChampionsGate in Four Corners, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.