Trinity Community Development Foundation, a nonprofit entity formed by Trinity Broadcasting Network (TBN), has secured $134.255 million in tax-exempt bond financing for Millenia Moments Orlando, a 261-unit senior housing community to be built in Orlando.
Co-underwriters JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ senior housing team, secured the fixed-rate financing with a final maturity of 40 years on behalf of the borrower. The financing comprised $134.255 million of publicly offered tax-exempt senior series 2025A bonds. Vitality Senior Living will operate and manage the community.
"TBN has the desire to make a difference and has the abilities to market our senior living communities. TBN belongs to its partners and people, and we want to provide a service-enriched environment that promotes independence; dignity; well-being; and opportunities to engage, thrive and flourish,” said Matt Crouch, CEO and chairman, TBN. “We are in this for
