homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

December 1, 2005

Herbert J. Sims & Co.

Herbert J. Sims & Co. closed $96.7 million in financing for Horizon House, a not-for-profit retirement community in Seattle. Connecticut-based Sims is an investment bank focused on the senior living industry. Horizon House will use the proceeds for a $74 million expansion and renovation of its First Hill campus and refunding bonds. The financing includes a $40 million short-term construction loan and $56.7 million in tax-exempt, long-term, variable rate bonds issued by the Washington State Housing Finance Commission. The construction loan is provided by Key Bank, with participation by Bank of America and Union Bank of California. The variable rate bonds are secured by a letter-of-credit from Bank of America, with participation from Key Bank and Union Bank of California. Horizon House's expansion includes a 19-story apartment tower.




Email or user name:
Password:
 
Forgot password? Click here.