PLG Delivers $12.95 Million C-PACE Loan to Leading California Senior Living Operator 

Minneapolis, MN (August 26, 2026) –  PACE Loan Group has closed a $12.95 million C-PACE loan to Calson Management for the construction of their new 55-bed memory care facility in Dublin, CA. The facility broke ground earlier this month and will open for residents in the fall of 2027. 

“There’s a natural fit between senior living facilities like this one and C-PACE financing,” said Peter Grabell, head of production – PACE Loan Group. “The expenditures needed to make residents safer and more comfortable are often the same ones that make the building more energy efficient and resilient. It’s a win-win.”   

Once completed, the facility will be managed by Calson Management, a second-generation, family-owned management group. The company manages 15 senior living facilities in California, including the award-winning Harbor at Hillsdale community in San Mateo. Their communities span the continuum of senior care, from independent senior communities to 24-hour supervised care. 

Jason Reyes, founder and CEO of Calson Management, believes the need for senior living facilities will continue to grow. “California already has more people over the age of 65 than any other state in the country, and that number is increasing rapidly,” he said.

The deal was brokered by Matt Mitchell from Matador Capital Advisors; the funds will be used to fund energy conservation and resiliency measures like energy efficient lighting, HVAC, plumbing fixtures, domestic hot water, roof and wall insulation, windows, and elevators as well as structural and seismic resiliency.  

“Jason and the team at Calson are the kind of people you want to work with on senior living projects,” Grabell added. “They’re clearly committed to delivering a great experience to their residents. I’m glad PLG is part of their story now, and I hope we’ll continue to be as Calson grows and serves even more of California’s seniors.”