Home AEC Onelife Senior Living Secures $24MM Construction Loan for 103-Unit Property in Springfield,...

Onelife Senior Living Secures $24MM Construction Loan for 103-Unit Property in Springfield, Ore.

Ziegler, Onelife Senior Living, Esther Assisted Living Community, Springfield
Photo by Jeff Sheldon on Unsplash

CHICAGO – APRIL 27, 2022 – Ziegler is pleased to announce its role as financial advisor in a debt placement totaling $24,000,000 (the “Financing” or the “Transaction”) on behalf of Onelife Senior Living (“Onelife” or the “Borrower”) to finance the construction of the to-be-built Esther Assisted Living Community. The Esther will be located in Springfield, Oregon and will contain 103 assisted living units.

Onelife is a strategic developer, owner, and operator of senior housing communities. The Esther will be the fifth assisted living/memory care community owned by Onelife in Oregon. These investments have been a critical part of the company’s strong regional footprint on the west coast. 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, Inc. (LPC).

“We were pleased to find a financing solution that worked for our client and allowed them to go forward with the construction of this new community during a time of rising costs in both the debt markets and the construction industry,” stated Eric Johnson, Director in Ziegler’s Senior Housing & Care Finance Practice who led the transaction for Ziegler.

Ziegler’s Senior Housing & Care Finance Practice brings its experience and expertise to senior housing and post-acute care clients. By offering a comprehensive suite of products for debt, equity and M&A services, our professionals provide creative solutions that meet your organization’s capital goals.

About Ziegler:

Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics.