Kutak Rock is pleased to announce its role in the successful financing of the Kirkland Crossings senior living facility expansion, representing Bremer Bank in this significant project. The financing, totaling $36,473,660, was facilitated through a revenue bond issued by the Wisconsin Health and Educational Facilities Authority (WHEFA) and purchased by Bremer Bank. The proceeds from this bond will be used to finance the construction and equipping of 72 additional independent living units at Kirkland Crossings in the Village of Pewaukee, expanding the existing facilities.

Partner David Murphy, along with associates Ben Kramer, Nathan Froemming, and Maddie Simon from the Minneapolis office, led the Kutak Rock team on this project. This successful financing will support the continued mission of Presbyterian Homes & Services to provide much-needed housing for older adults.

David has over 20 years of experience practicing in the area of public finance. David routinely serves as bond, underwriter’s, purchaser’s and borrower's counsel on tax-exempt and taxable bond financings for affordable housing projects, public and nonprofit colleges and universities, independent schools, industrial development facilities, hospitals and other healthcare facilities, senior living facilities, and other 501(c)(3) organizations. He also serves as lender’s counsel on a variety of conventional forms of financing.