Carnegie Capital Secures $7.4M Refinancing for Memory Care Community in Oregon

by Amy Works

EUGENE, ORE. — Carnegie Capital has arranged a $7.4 million refinancing for a 60-unit memory care community in Eugene.

The cash-out refinancing represents a 75 percent loan-to-value ratio, and bears an interest rate of 5.55 percent for three years. Residents at the community are approximately half private pay and half Medicaid.

The borrower is a regional owner-operator. The lenders are a national bank and a private lender.

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