$18,781,216 WHEFA bond financing helps Upland Hills Health, Inc. refinance in Dodgeville

Bonds Placed with Compass Mortgage Corporation 

“Upland Hills Health is very grateful for WHEFA’s involvement in completing this refinancing.  The favorable terms of our tax-exempt financing provided us significant savings.  Those savings will help us fulfill our charitable purpose to provide care for and improve the health of the populations we serve in a high-quality cost-effective manner.”

 –  Karl Pustina, VP of Finance, Upland Hills Health, Inc.

Upland Hills Health, Inc. employs approximately 357 full-time equivalents in Wisconsin. 

Bond financing facilitated by WHEFA was used to help Upland Hills Health, Inc. refinance bonds previously issued by WHEFA in 2006.  The net present value savings following the refinancing was approximately $8.1 million. This federally tax-exempt financing process has enabled Upland Hills Health, Inc. to operate more effectively by refinancing its capital expenses at a lower interest rate (initially 2.73%).

WHEFA is proud to have been able to assist Upland Hills Health, Inc. reduce their overall debt service by providing access to low-cost private capital.

For more information visit our website at www.whefa.com or please contact: 

Dennis P. Reilly | Executive Director | p: 262.792.0466 | e: info@whefa.com 

About WHEFAWHEFA fulfills its mission of assisting all eligible Wisconsin non-profit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance capital improvement and expansion needs. Since inception, WHEFA has provided several hundred Wisconsin non-profit corporations access to private and public capital markets at lower costs than are available to them in the conventional marketplace.

Pursuant to Section 231.10 of the Wisconsin Statutes, bonds issued by WHEFA are not considered indebtedness of the State of Wisconsin, and the State has no obligation to repay any bonds issued by WHEFA under any circumstances. Additionally, WHEFA does not utilize any State moneys to fund its operations.