Large continuing care retirement community

January 1, 0001

Served as bond counsel and special borrower’s counsel in the issuance of multiple series of tax-exempt bonds to finance the construction of a new continuing care retirement community in Virginia. The transaction included three series of bonds, each with a different interest rate mode, and all of which were structured as draw-down bonds, allowing the borrower to reduce the carry costs by drawing funds only as needed to fund construction costs.
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