Mosaic Management Secures $35.7M Refinance Loan From Dwight Capital For Senior Housing In Salem

Mosaic Management, the landlord of Boone Ridge Senior Living in Salem, Oregon, has secured a $35.7 million HUD-backed loan from Dwight Capital for the purpose of refinancing their assisted living facility.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $35,700,000
• Address: 2950 Boone Road Southeast, Salem, OR
• Lender: Dwight Capital
• Landlord: Mosaic Management
• Broker: Robert Tryon - Oak Grove Financial

This loan is a significant financial endeavor for Mosaic Management, providing them with the funds needed to refinance Boone Ridge Senior Living. The loan will contribute to the stability and growth of the assisted living facility, ensuring its continued ability to provide high-quality care and services to its senior residents. Mosaic Management's decision to secure a HUD-backed loan through Dwight Capital demonstrates their commitment to the long-term success and sustainability of the property.