Live Oak, Locust Point Provide $28M Construction Loan for 81-Unit Community in San Diego

by Jeff Shaw

SAN DIEGO — Live Oak Bank and Locust Point Capital have provided a $28 million loan for the development of an 81-unit assisted living and memory care community in the Clairemont neighborhood of San Diego.

The borrower is a partnership between RhodesMoore and Frontier Management.

The urban infill development will consist of a 73,000 square foot building and parking deck situated on 1.5 acres. Frontier will be the operator upon completion.

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