#USA #Albany #financing #Ziegler #Mennonite Village

Ziegler Successfully Completes $86 Million Financing for Mennonite Village

On April 7, 2026, Ziegler, a prominent name in specialty investment banking, made headlines with the successful closing of an impressive $86.215 million Series 2026AB Bonds for Mennonite Village. This financing was facilitated through the Hospital Facility Authority of the City of Albany, Oregon, marking a notable achievement for both the investment bank and the nonprofit organization.

About Mennonite Village

Mennonite Village is a distinguished nonprofit entity operating in Oregon, dedicated to establishing and managing senior living facilities. The organization encompasses a sprawling 275-acre campus in Albany, nestled in the picturesque Willamette Valley. The location boasts natural amenities such as water features, meadows, and oak groves, providing residents with breathtaking views of the Cascade Mountains and the Coast Range.

From its beginnings as a modest 24-room nursing home in 1947, Mennonite Village has evolved dramatically, currently offering diverse living options to the senior community. This includes 299 independent living cottages, 18 independent living apartments in Ashwood Court II, 42 skilled nursing beds, 96 assisted living apartments in Quail Run, and a memory care facility equipped with 28 beds in Lydia's House.

Future Expansion Plans

The financing secured will significantly contribute to Mennonite Village's ambitious expansion plans. This includes the addition of 60 new Independent Living cottages and a replacement of the existing memory care facilities. A new memory care building will feature 24 suites, complemented by an upgraded kitchen area.

The proceeds from the bonds will not only support the construction and development efforts but also address a pre-existing line of credit and cover interest expenses on the bonds issued. The financial structure incorporates both short and long-term fixed-rate bonds with favorable repayment terms, reflecting their commitment to stability and sustainability.

According to Diane Hood, the Chief Executive Officer of Mennonite Village, this financing marks a significant milestone and reflects a long-standing professional relationship with Ziegler. She expressed enthusiasm over the new expansion and the enhanced services that will be extended to incoming residents. Hood emphasized the team's dedication to providing state-of-the-art memory care facilities and modern kitchen amenities.

Sarkis Garabedian, Managing Director at Ziegler, expressed pride in bringing Mennonite Village to the public bond market, achieving a coveted 'BBB' rating. He highlighted this success amid a challenging market environment, showcasing the organization’s robust foundation and strategic leadership.

Ziegler's Role in Senior Living Financing

Ziegler remains a leading underwriter of financing for nonprofit senior living providers across the nation, offering innovative solutions tailored to the unique needs of their clientele. Their services range from investment banking and financial risk management to strategic advisory and capital planning, underscoring their broad expertise in the industry.

Ziegler operates from its Chicago headquarters, maintaining offices across the U.S. With a commitment to the healthcare and senior living sectors, the company strives to support organizations like Mennonite Village in enhancing the quality of care for seniors across the nation.

For more detailed information about Ziegler and its services, visit their official website at Ziegler.com. This financing for Mennonite Village not only propels their mission forward but also strengthens the community's commitment to improving the lives of its senior residents. As they advance into this new chapter, the future looks promising for Mennonite Village and its residents.