Carnegie Capital Arranges $15M Construction Loan for Seniors Housing Community in Oregon
OREGON — Carnegie Capital has arranged $15 million in construction financing for a seniors housing community in Southern Oregon.
The property offers assisted living and memory care. The developer previously worked with Carnegie Capital for another community in Redmond. Further details on the asset were not disclosed.
JD Stettin of Carnegie Capital sourced and structured the three-year loan with a 5.5 percent interest rate. The financing represents a 75 percent loan-to-value ratio.