SPRINGFIELD, Ore. — Ziegler has acted as financial advisor in a debt placement totaling $24 million.
The borrower, Onelife Senior Living, will use the funds to develop Esther Assisted Living Community, a 103-unit property in Springfield, a suburb of Eugene.
The Esther will be the fifth assisted living/memory care community owned by Onelife in Oregon. The financing provides a construction and bridge term for Onelife to build and stabilize the community prior to placing long-term, permanent, fixed-rate financing via long-term agency debt.
The transaction was closed with asset management firm Locust Point Capital.