Michael L. Faltischek and Attorneys Recently Closed on a $102,116,000 Tax Exempt Bond Financing Deal for the Development of Fountaingate Gardens at Gurwin in Commack, New York

Uniondale, NY – May 11, 2021– Ruskin Moscou Faltischek, P.C. announced today that Michael Faltischek along with attorneys Dan McAuliffe, John Chillemi, Eric Rubenstein, Joe Harbeson, and David Milner completed the One Hundred Two Million One Hundred Fifteen Thousand Dollar ($102,115,100.) financing for the construction of Fountaingate Gardens, a senior independent living community.

Fountaingate Gardens is sponsored by the Gurwin Heathcare System and completes its development of a Continuing Care Retirement Community. Gurwin Independent Housing, INC. was created to develop, construct and own a senior independent living community consisting of independent living apartments, common areas and a range of services and amenities, which will be located on 10.47 acres of land owned by the Corporation in Commack, NY. It will receive support services and provide access for residents to the Gurwin Jewish Nursing and Rehabilitation and the Gurwin Jewish- Fay J. Lindner Assisted Living Facilities.

Over the course of the seven-year project, RMF’s team addressed rezoning, site plan review and approval, property subdivision issues, development and financing of ancillary facilities to support the community and adjoining facilities, construction, corporate and project finance. The completion of Fountain Gardens makes it one of the largest Continuing Care Retirement Communities in the region.

For over 50 years, Ruskin Moscou Faltischek P.C., headquartered in Uniondale, has built a reputation as one of the region’s leading providers of innovative legal services. Its attorneys are practical, experienced advocates who measure their success by their clients’ success. Cornerstone groups in all major practice areas of the law are represented at the firm, including corporate and securities, corporate restructuring & bankruptcy, commercial lending, commercial litigation, intellectual property, health care, real estate, employment, not-for-profit, cybersecurity and data privacy, energy, and trusts and estates. Clients include large and mid-sized corporations, privately held businesses, institutions and individuals.