Mosaic Management Secures $25.6 Million Loan From PACE Loan Group For Cedarbrook Senior Living Project

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.