Lument Funds $14.7M Bridge Loan for Arcadia Senior Living in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Lument has provided a $14.7 million proprietary bridge loan to refinance Arcadia Senior Living, a 68-unit assisted living community in Portland.

Casey Moore, managing director with Lument in San Diego, led the transaction for Lument.

The bridge loan refinances outstanding debt, provides earn-out proceeds and positions Arcadia for a future HUD refinancing.

Built in 2019, Avant Senior Housing & Consulting LLC operates the community. Arcadia is owned by a partnership, whose principal, Kelvin Ng, represented the borrower in this transaction.

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