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  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

  • detail image of project

    $5MM Loan Supports Renovation of Assisted Living Facility and Increases Occupancy for Low Income Minority Population

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Northern California Senior Living

Clearinghouse CDFI (CCDFI) extended a $5,000,000 loan to Kircher Family Partners (KFP) for Orangeburg Manor and Camlu Senior Center. This financing supports the revitalization of these assisted living facilities and enhances their capacity to accommodate more tenants in low-income minority communities.

In Northern California, the demand for assisted living is soaring, leaving family caretakers on extended waitlists and battling burnout. Modesto’s Orangeburg Manor and Stockton’s Camlu Senior Center provide options for seniors. CCDFI financing supports facility renovations to increase occupancy, totaling 128 units and 156 beds, with some units subsidized through California’s PACE program. Amenities at these facilities include private dining, a salon, physical therapy, laundry, game and recreational areas, and an outdoor lounge.

KFP proudly oversees three vibrant senior living communities nestled in the breathtaking landscapes of Northern California and Arizona. At the helm of this visionary venture is Mr. Christopher J. Coulter, skilled in crafting memory care facilities across the western United States.

Read the full story here: Just Funded – Northern California Senior Living

Financing Provided:
$5,000,000
Location:
Stockton, CA
Impact:
Supports renovation of an assisted living facility to increase occupancy for 30% low income minority community in Stockton, and 60% low income minority community in Modesto
Purpose:
Refinancing for the renovation of an assisted living facility in Northern California
Year Funded:
2023
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