Cape Coral Health, Fla., plans $80.19 million senior housing bond sale

By Sheri Kasprzak

New York, July 14 – The Cape Coral Health Facilities Authority of Florida is readying an $80.19 million offering of series 2015 senior housing revenue bonds for Gulf Care Inc., according to a preliminary official statement.

The bonds will be sold through H.J. Sims Inc.

The bonds are due 2019 to 2025 with term bonds due in 2035 and 2050.

Proceeds will be used to finance the construction and equipment of 80 new assisted living units, 48 new memory support units and the remodeling and addition of various skilled nursing stations at Gulf Coast Village, a senior living facility in Cape Coral, as well as to refund the corporation’s series 2012 revenue bonds.

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