Creative Financing during Challenging Times: How Phasing, Partnerships & Planning Can Help Your Project Get Done In the current environment of increasing interest rates and sky-rocketing construction costs, the financial viability of a new project can be strained. However, now is not the time to take your foot off the gas and shelf your project. The time is now to plan and position yourself to be ready to act when appropriate. This session will explore the use of phasing, partnerships and creative financing solutions from both a development point of view and a financing point of view. To illustrate, we will use case studies of two Iowa providers, Eventide and Mount Carmel Bluffs, as well as an Illinois provider, Clark-Lindsey Village.
Based in Minneapolis, Jenny Wade serves as a Senior Vice President on HJ Sims’ not-for-profit investment banking team leading financings for senior living industry clients. Jenny has more than 21 years of municipal and nonprofit finance experience. Prior to joining HJ Sims, Jenny was a part of the senior living team at Piper Sandler for 16 years, where she focused on the management and execution of financings from engagement to closing for skilled nursing, assisted living, independent living and memory care facilities, primarily for nonprofit clients. Jenny has served senior living clients in Florida, Iowa, Indiana, Kansas, Minnesota, New Mexico, North Dakota, Ohio, Texas, Washington and Wisconsin. She earned her Master of Business Administration degree, with an emphasis in finance, from the University of Minnesota, Carlson School of Management as well as her bachelor’s degree in business management and French from Luther College in Decorah, Iowa. She also holds Series 7 and Series 50 licenses. Mindi Baker, LNHA, CEO, Eventide Senior Living Community, Denison Mindi Baker is the CEO of Eventide Senior Living Community in Denison. During her 23-year tenure at Eventide, she served as the previous business office manager, administrator and during the last ten years as CEO. Mindi is highly involved with campus finances and growth including a recent project of a new assisted living development and replacement of the skilled nursing facility. She oversees operations, strategic planning, finances for the campus including SNF, AL, HUD Section 8/202, cooperative housing, and foundation. Mindi received her degrees in Health Services Administration and Business Management from the University of South Dakota. She was the LeadingAge Iowa 2023 Award of Honor Recipient and currently serves on the LeadingAge Iowa Board of Directors. Mindi is a graduate of the 2017 LeadingAge Iowa Leadership Academy. Register Now |
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