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OVERVIEW
Creative solutions for borrowers. Peck Shaffer has deep and broad experience with housing issues (including independent living), 501(c)(3) issues (including nursing homes and assisted living) and issues regarding continuing care and retirement communities ("CCRC"), which enables us to provide any required public finance counsel services in connection with a long-term care facility financing. We do not like telling clients what they cannot do; we work with clients to find creative solutions to enable clients to accomplish their objectives, and to make clients aware of options they might not otherwise consider. We understand borrower concerns such as the financing of start-up costs and juggling multiple issuers for multiple-site systems. Through the years, we have worked with borrowers and investment bankers to provide sound, creative and innovative solutions to a variety of financing challenges.
Making the financing process "user-friendly." Since we do not bill by the hour, but instead charge a fixed fee, we can spend the time necessary to help clients become comfortable with a financing and the related process. We are available at no cost to conduct one-day, in-house client "seminars" on any bond-related topics. We strive to make the financing process "user-friendly," particularly for smaller or first-time borrowers.
National leadership. Peck Shaffer is a national leader in revenue bond financings for long-term care facilities, serving as bond counsel for issues totaling nearly $2 billion in principal amount. We consistently rank among the top firms nationally as both bond and underwriter's counsel for Nursing Long-Term Municipal New Issues in the Thomson Municipal Market Analysis review of the public debt market.
Informed analysis. Due to the volume of long-term care facility financings which we are involved with each year, we remain at the forefront of the industry, developing and analyzing the most recent financial products and financing options. For example, with respect to state law issues in Ohio, we were the first Ohio bond counsel firm to approve recent tax-exempt financings for independent living facilities, obtaining court validations of such financings for a number of Ohio long-term care/CCRC facilities. Clients may be unaware of options such as the refinancing of loans made under the HUD Section 202 program with tax-exempt bonds, interest rate swaps and seed capital deals.
SEE ALSO
"Assisted Living Facilities"
"Continuing Care Retirement Communities"
"Independent Living Facilities"
"Nursing Facilities"