Updated Dec 15, 2025
Mosaic Management Secures $25.6 Million Loan From PACE Loan Group For Cedarbrook Senior Living Project
9415 Southwest Hall Boulevard
$67,200,000
Building Size
—
Asset Type
Development Site
Closing
Dec 15, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 9415 Southwest Hall Boulevard, Portland, OR. The site is part of the Cedarbrook Senior Living project in Tigard, Oregon, which will comprise 107 assisted living units and 64 memory care beds. The loan amount for this project is $25,600,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,600,000
- Lender: PACE Loan Group & Columbia Credit Union
- Landlord: Mosaic Management
The C-PACE financing provided by PACE Loan Group supports the overall capital stack of $67.2 million for the project, which includes a $41.6 million construction loan and mini-perm mortgage from Columbia Credit Union. This financial arrangement plays a crucial role in enabling the development of the Cedarbrook project.
Players
Portland Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93