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  • detail image of project

    $9.4MM Loan Supports the Stabilization of Alzheimer’s & Memory Care Facility in Oregon

  • detail image of project

    $9.4MM Loan Supports the Stabilization of Alzheimer’s & Memory Care Facility in Oregon

  • detail image of project

    $9.4MM Loan Supports the Stabilization of Alzheimer’s & Memory Care Facility in Oregon

  • detail image of project

    $9.4MM Loan Supports the Stabilization of Alzheimer’s & Memory Care Facility in Oregon

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Skylark Senior Living

Clearinghouse CDFI (CCDFI) is facilitating $9,400,000 in refinancing for Skylark Senior Living to stabilize the facility and bolster its ability to accommodate a growing population of memory care patients.

Skylark (Skylark) Senior Living, located in Ashland, Oregon is one of Southern Oregon’s largest assisted living and memory care facilities. Skylark includes 75 assisted living units and 32 memory care beds for a total occupancy of 107 residents. Financing provided by CCDFI offers refinancing to Skylark Senior Living and facilitates capital improvements to the building including a new roof, interior renovations, security camera installation, and more.

Skylark Senior Living focuses on providing a safe, caring, and engaging home for its residents while being a place of pride for its employees. In addition to Alzheimer’s and Memory Care for residents, amenities at the facility include 24-onsite care, nutritious homestyle cuisine, as well as daily recreation and wellness programs.

Read the full story here: Just Funded – Skylark Senior Living

It was an absolute pleasure to work again with the Clearinghouse CDFI team on the refinancing of one of our senior housing properties in Oregon, having established a successful relationship almost four years ago. The Clearinghouse CDFI team was there for us again during a challenging time for the business and the lending market, and we look forward to the same, positive, win-win outcome this time around.
- Marc D. Kirshbaum, Strategic Advisor & Board Member, Kirshbaum Business Advisory
Financing Provided:
$9,400,000
Location:
Ashland, OR
Impact:
Stabilizes and supports facility improvements to an Alzheimer’s & Memory Care facility with a high population of Medicaid patients
Purpose:
Refinance of existing debt in order to facilitate project stabilization
Year Funded:
2023
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