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9415 Southwest Hall Boulevard

Updated Dec 15, 2025

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

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:

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

PACE Loan Group
PACE Loan GroupLender

Portland Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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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

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