Live Oak Funds $13M Construction Loan for Phoenix Senior Living Project in Dallas, Georgia

DALLAS, Ga. — Live Oak Bank has provided a $13 million loan for the construction of The Phoenix at Dallas, located approximately 30 miles northwest of Atlanta.

Phoenix Senior Living is developing the 56-unit independent living project, which will consist of 14 quadplex cottages.

The Phoenix at Dallas is Phase II of a three-phase campus build-out. The cottages, walking trails, pool, and cabana, will be built across a 15-acre parcel adjacent to the Pearl at Dallas, a memory care community also operated by Phoenix Senior Living. Ten additional acres of the campus are slated for apartment-style independent living and/or assisted living at a future date.