CBRE Arranges Refinancing for 216-Unit Seniors Housing Property in Lake Oswego, Oregon

by Amy Works

LAKE OSWEGO, ORE. — CBRE National Senior Housing has arranged a refinancing for The Springs at Lake Oswego, a 216-unit independent living, assisted living and memory care community in Lake Oswego.

The borrower is a joint venture between Harrison Street and The Springs Living.

Aron Will, Austin Sacco and Tim Root arranged the non-recourse, four-year, floating-rate loan with three years of interest-only payments through a national bank. CBRE previously arranged construction financing for the community in 2017. The amount was not disclosed.

The community opened in 2019 in a highly affluent city approximately eight miles south of downtown Portland.

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