POMONA and CLAREMONT, Calif. — Ziegler has arranged $43.8 million in bond financing for Congregational Homes in support of its continuing care retirement community, Mt. San Antonio Gardens.
The Gardens is located on approximately 31 acres spanning across the border of Pomona and Claremont in the Inland Empire area of California. The community features 248 independent living units, 71 assisted living units, 10 memory care units and 58 skilled nursing beds.
Proceeds of the bonds will be used to finance a project that will replace the community’s original D Building with a 53-unit independent living building named The Cedars. The project also includes subterranean parking and outdoor amenities.
“Mt. San Antonio Gardens is a leader in its east Los Angeles market and one of the few life care communities in California,” says Mary Muñoz, senior managing director at Ziegler. “This project will replace the last original structure on campus, minimizing seismic concerns and providing a new and upscale living option for residents.”