Cedarbrook Senior Living

C-PACE AMOUNT
$25.6M
Property Type
Senior Living
Project Type
New Construction
STATE
Oregon
Cedarbrook Senior Living

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.

In The Press

Cedarbrook Senior Living
Press Release, Cedarbrook Senior Living in Tigard, Oregon

Senior living development receives $25.6 million in C-PACE financing

Minneapolis, Minnesota (December 8, 2025) – PACE Loan Group (PLG) provided Mosaic with $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Cedarbrook Senior Living, an assisted living and memory care facility located on Hall Blvd off of HWY 217 in Tigard. In addition to the C-PACE, the project’s $83.7 million capital stack includes a $41.6 million construction loan and mini-perm mortgage with Columbia Credit Union. This is the largest C-PACE transaction to date in Washington County, which has recently approved the continuation of their C-PACE program.

Cedarbrook Senior Living
MBA, Cedarbrook Senior Living in Tigard, Oregon

Dealmaker: Oregon Senior Living Development Receives $26M in C-PACE Financing

PACE Loan Group, Minneapolis, provided Mosaic Management with $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Cedarbrook Senior Living, an assisted living and memory care facility in Tigard, Oregon.