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Senior Living Facilities, Continuing Care, Long-Term Care

Ice Miller’s national reputation in senior living finance is based on our experience, versatility and creativity.  

As a full-service firm, we are well positioned to support owners and operators (both for-profit and not-for-profit), developers, investors and management companies with all aspects of their capital finance needs. We have professionals with the regulatory, transaction, tax and real estate experience necessary to help clients in the growing senior living sector.

The firm is capable of representing any party to a financing in this space, and we most often serve as bond counsel and, borrower’s counsel or underwriter’s counsel in senior living financings, including:

  • Private placements, public offerings, direct purchases, and bank loans
  • Fixed rate, variable rate, and synthetic fixed rate financings
  • New money and refunding bonds
  • Swaps and other financial derivatives
  • Taxable bonds and 501(c)(3) revenue bonds
  • Section 142(d) financings
  • "Obligated group" master trust indenture and mortgage structures

The firm helps issuers, purchasers, underwriters and borrowers work through transactions for each of these types of entities at the individual, statewide system and regional network levels. We welcome financings through a variety of conduit issuers and offer a suite of services that extends beyond the closing of any one transaction, with services devoted to client needs to and through maturity:

  • Schedule K to the Form 990
  • IRS Audits
  • Post-Issuance Compliance
  • Rebate
  • Securities & Disclosure

Representative Experience

  • $35,830,000 Indiana Finance Authority Revenue Bonds, Series 2012 (Marquette Project) – Bond Counsel
  • $22,015,000 Indiana Finance Authority Revenue Bonds, Series 2013A (BHI Senior Living) – Bond Counsel
  • $21,620,000 Lorain County Port Authority Economic Development Facilities Revenue Refunding and Improvement Bonds, Series 2013A (Kendal at Oberlin) – Underwriter's Counsel
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