Habitat for Humanity of Metro Denver Completes Debt Recapitalization with Northern Trust

June 30, 2010

W. G. Nielsen & Co., a leading Denver-based investment banking firm, announced that it acted as Habitat for Humanity of Metro Denver’s financial advisor in successfully securing loan financing to purchase its administrative offices and pay off the mortgage on its Outlet Store property at 70 Rio Grande Boulevard in Denver.

Heather Lafferty, Executive Director of Habitat for Humanity of Metro Denver (HFHMD) noted, "Taylor Kirkpatrick’s involvement in this transaction was essential - as a Habitat Board Member and an investment banker, he understands our mission and was able to articulate our story effectively to potential lenders. Along with fellow Board Member Russell Kemp from the law firm Ireland Stapleton Pryor & Pascoe, Board Member Tom Sattler of Sattler Homes, Board Member Emeritus Had Beatty and Habitat’s Director of Community Development Lynne Brown, they were able to find the perfect community partner in Northern Trust."

Agnes Ryan, Senior Vice President of Northern Trust, was also excited about the transaction: "Northern Trust is very pleased to partner with Habitat for Humanity of Metro Denver. Our guiding principles of service, expertise and integrity - more than 120 years old - are in lockstep with this organization, and our decision to support Habitat in a community we serve was an easy one."

HFHMD CFO Kris Medina summed up the process best: "We were blown away by the interest we received from the financial institutions around Denver. We felt that our sound financial position and the positive association that people have with our mission -- to provide affordable housing solutions -- would garner some attention, but we were overwhelmed at the value our brand has; it is a real testament to our organization and our overreaching goal, and we are fortunate that Northern Trust believes in it as much as we do."

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