Blaine, Minn., coordinates $54.16 million senior community bond sale

By Sheri Kasprzak

New York, June 2 – The City of Blaine, Minn., is expected to price $54.16 million of series 2015 senior housing revenue bonds for Crest View Senior Communities, said a preliminary official statement.

The deal includes $52.67 million of series 2015A revenue bonds and $1.49 million of series 2015B taxable bonds.

The bonds will be sold through BB&T Capital Markets Inc.

The maturities have not been set.

Proceeds will be used to reimburse Crest View for the costs of constructing a senior housing facility in Columbia Heights.

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