#United States #Arlington Heights #Ziegler #Presbyterian Living #The Moorings

Major Financing Closed for Community Expansion at The Moorings

On January 12, 2026, Ziegler, a trusted specialty investment bank, announced that it has closed a successful financing deal worth $162,860,000 for The Moorings of Arlington Heights, Illinois. This achievement marks a crucial step in enhancing and expanding the facilities of this Life Plan Community.

About The Moorings

The Moorings is situated on a sprawling 45-acre campus and is comprised of 264 independent living apartments and villas. Additionally, it offers 73 assisted living apartments, 20 memory care assisted living units, 57 skilled nursing and rehab beds, and 39 intermediate and skilled memory care suites, thereby catering to a vast array of resident needs. As part of Presbyterian Living—an Illinois-based not-for-profit organization established in 1904—the Moorings has been a pivotal player in servicing the older adult community in the Chicago area.

Enhancements and Expansion Projects

The financing secured will support an ambitious project that encompasses the construction of a new 172,000-square-foot, five-story building. This new addition will house 70 independent living apartments and include underground parking facilities. Along with the new structure, the project will introduce various dining, social, and wellness venues designed to cater to the preferences of modern residents. Renovations are also planned for the existing Health Care Center to further enhance care quality and service delivery.

Notably, 54 of the advertised 70 new apartments have already been presold, demonstrating a strong demand—77% occupancy already secured prior to the project's completion.

Financial Structure of the Deal

The financing package, referred to as the Series 2025 Bonds, comprises four different tranches:

• - $63,870,000 Series 2025A fixed-rate bonds,
• - $22,300,000 Series 2025B-2 TEMPS-50SM bonds, expected to be repaid after reaching 50% occupancy,
• - $15,600,000 Series 2025B-1 TEMPS-85SM bonds, slated for repayment at 85% occupancy, and
• - $61,090,000 Series 2025C bank drawdown loan.

These bonds are rated BBB- by Fitch Ratings and garnered interest from 26 institutional and retail investors, demonstrating robust confidence in The Moorings and its management.

Strategic Insights and Future Vision

Nadim Abi-Antoun, the President and CEO of Presbyterian Living, expressed gratitude towards Ziegler for their partnership and expertise in developing a complex financing strategy aimed at meeting evolving market demands. He emphasized how this expanded capacity positions The Moorings for future success and sustainability.

Will Carney, Managing Director at Ziegler, highlighted that this financing initiative will bolster the competitive advantage of The Moorings amidst a growing market. According to Carney, the combination of high occupancy rates, strong financial performance, and experienced management contributed significantly to the successful underwriting process.

About Ziegler

Ziegler is recognized as the leading underwriter for financing projects tailored for non-profit senior living organizations nationwide. Their commitment to delivering innovative and customized financial solutions extends beyond simple transactions, encompassing a holistic approach to investment banking, financial risk management, and strategic planning.

For additional details on Ziegler's services and initiatives, please visit www.ziegler.com.

Conclusion

The closure of this substantial financing not only underscores Ziegler's prominence in the investment banking sector but also represents The Moorings' commitment to enhancing the living standards of the older adult community in Arlington Heights. As the project unfolds, residents can look forward to improved facilities that will cater to their needs for years to come.