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CHAGRIN FALLS, MADISON and SAYBROOK, Ohio — Oxford Finance LLC, an Alexandria-based lender, has closed a $24 million senior credit facility for Lantern Group, an owner and operator of skilled nursing and assisted living facilities.
The funds were used to acquire three assisted living and memory care facilities located in Ohio: Lantern of Chagrin, Lantern of Madison, and Lantern of Saybrook.
Lantern was founded in 2004 by CEO Jean Makesh and is headquartered in Northeast Ohio. The company has been the operator of the three facilities since their original construction. The company will continue to operate the 219 units under the Lantern brand.