Cedarbrook Senior Living

C-PACE AMOUNT

$25.6M

Property Type

Senior Living

Project Type

New Construction

STATE

Oregon

Property Description

Cedarbrook Senior Living is an assisted living and memory care facility in Washington County, OR. The property consists of one four-story building with 107 assisted living units and 64 memory care beds.

Loan Usage

The $25.6 million C-PACE loan is for the construction of Cedarbrook, and pairs together with a $41.6 million construction loan and mini-perm mortgage with Columbia Credit Union. Covered building measures are expected to save $335,407 annually in operating costs.

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