Matters

The Bethel Methodist Home – Bond Refinancing

Represented our client The Bethel Methodist Home in the defeasance of taxable and tax-exempt bonds and the issuance of new taxable and non-taxable bonds issued by the Westchester County Local Development Corporation in the aggregate amount of approximately $30 million.  The representation involved review and negotiation of bond and financing documents, diligence and discussions surrounding the tax regulatory agreement, coordination of due diligence review of the underlying real estate securing the bonds, and obtaining various regulatory approvals due to the nature of the Borrower as a Continuing Care Retirement Community licensed pursuant to Article 46 of the New York State Public Health Law. The refinancing and issuance of new bonds will result in a substantial net benefit to our client over the term of the bonds. 

Not-for profit owner/operator – Sale of Home Health Agency

Representing a not-for-profit owner/operator in the sale of its certified home health agency.

Owner/Operator – Sale of Distressed Not-for profit

Representing an owner/operator in the sale of its distressed not-for-profit skilled nursing facility.

Senior Residential Provider – Management Agreement

Representing a senior residential provider in connection with entering into and performing under a management agreement to manage a distressed not-for-profit CCRC.

Successful Bidder – Acquisition of Critical Access Hospital

Representing lender and management company for the successful bidder acquiring an Oklahoma based critical access hospital through a sale pursuant to Section 363 of the Bankruptcy Code.

Continuing Care Retirement Community – Bond Refinance – Local Development Agency

Representing the operator of a continuing care retirement community in the refinancing of its taxable and non-taxable bonds issued by a local development agency.