Gantry Secures $12M Loan For 46-Unit Assisted Living Facility In Woodburn, Oregon

The asset involved in this transaction is a development site located at 1000 Country Club Road in Woodburn, OR. It is associated with a 46-unit, 51-bed assisted living facility. The property is financed through a $12,000,000 construction-to-permanent loan. The loan is characterized as a 10-year, fixed-rate loan with three years of interest-only payments followed by a 25-year amortization and is provided by an Oregon credit union.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Loan Type: Construction
• Loan Terms: 10-year, fixed-rate loan with three years of interest-only payments followed by a 25-year amortization
• Address: 1000 Country Club Road, Woodburn, OR
• Brokers: Charlie Kokernak & Tim Brown - Gantry

The deal was facilitated by Gantry, who secured the financing for an affiliate of Benicia Senior Living. The facility is positioned next to Heartwood Place Memory Care, indicating its strategic location within the market.