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Northland Networks has recently closed a healthcare refinancing loan. The financing was for an Acute Care Hospital Facility in Melrose Park, Illinois.

Despite economic volatility and rising Interest Rates, Northland Networks continues to be successful in closing healthcare financing deals. We partner with quality borrowers that have strong guarantees and are well collateralized. This makes working with Northland a smart choice for any lender looking for attractive yields and diversification benefits within the healthcare space.

Northland Public Finance – serving as Placement Agent to City of Caseville – announces the successful sale of $2,158,000 Water Supply and Distribution System Revenue Refunding Bonds, Series 2022.

This refinancing was successfully completed for the City with an interest rate of 3.79%, with no DSRF requirement. This allowed the City to shorten the amortization by 5 years with a final maturity of July 1, 2040. The refinancing saved the City approximately $962,000, or $547,000 net of the RRI and DSRF contributions.

Northland Networks is pleased to announce the successful financing of Condor Health, a 181-bed SNF in Anderson, SC.

Utilizing our network of 500+ Community Bank  partners, Northland Networks has closed another transaction with The Portopiccolo Group.  The refinancing loan represents a 65% loan-to-“as is” value.

Northland Networks has recently closed a senior housing construction loan.  The financing was for a 131-unit, 120,000 square-foot assisted living and memory care facility in Ormond Beach, Florida.

Despite economic volatility and rising interest rates, Northland Networks continues to be successful in closing senior housing financing deals. We partner with quality borrowers that have strong guarantees and are well collateralized, and with over 500 community banks across the country looking to provide capital for new construction projects, acquisitions, or refinancing of existing facilities.

This makes working with Northland a smart choice for any lender or borrower looking for opportunities within the senior housing space.

A recent article on CDC Gaming Reports highlights Northland Networks’ deep and vast experience in gaming finance, which is a critical need for the industry at this moment of growth.

“Finding the right solution for our capital needs was important for the growth of our company,” said Rob Ziems, President of Aruze Gaming America, who used Northland Networks in 2021. “We wanted a fair, supportive partner that understands our company and the market. Someone familiar with the nuances of the gaming industry was a priority and Northland checks all the boxes. Northland has delivered beyond our expectations. In fact, it was the easiest and least complicated financial transaction I’ve ever experienced.”

“When Gaming Arts needed to expand and grow, we looked all over for the right financial partner,” said Mike Dreitzer, CEO of Gaming Arts. “Northland was an ideal choice. They have deep industry knowledge and a keen understanding of our business and what needs to be done to support our rapid expansion. We are so fortunate to work with them to help our business grow.  They’ve made an enormous difference for us,” concluded Dreitzer.

Design Develop Construct Journal’s Winter 2021 issue featured the recent success of a school bond referendum for the Mapleton, MN – Maple River School District.

Currently, the students in the district are housed in three different, aging facilities from the 1930s.  The $63.3 million school will bring those students together in a more efficient and effective learning environment, with larger gym space, STEM labs, modern classrooms, and specialized facilities to enhance learning.  The school should be ready for the students in Fall 2022.

Northland worked diligently with the school staff to get this bond in place for the future of the community:

“The challenges that Maple River’s new K-12 school development was facing were difficult to overcome, but with persistent community work on the referendum and providing better information to the voters, we were able to get the bond passed by a thin margin after several previous attempts failed.  Northland is grateful to be part of the team that got it done for that community’s future generations.”   — Greg Baufield, Managing Director, Northland Public Finance

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We care deeply about our clients and associates, and want you to know you are not alone during this crisis. There are many people and associations in our communities that are rising to the challenge of keeping us safe and supplied with what we need. Thanks to the state of technology today, many industries have the resources to work virtually and keep moving forward. And we know the strength of Americans helping each other will get us through difficult times.

Here are various resources that we think may help you during this difficult time.