Contemporary, Community & Southern Provide $10.5M Loan for Community in Oregon

ASHLAND, Ore. — Contemporary Healthcare Capital LLC (CHC) and Community & Southern Bank (CSB) have jointly provided a $10.5 million loan for the acquisition of a seniors housing community in Ashland, near the California border.

The unnamed community is a 95-unit assisted living and memory care facility. Proceeds of the loan will be used to fund the acquisition along with $575,000 in renovations.

This is the first joint loan from CHC and CSB since the two companies announced the strategic partnership in May.