Oak Grove Capital arranges loan for CA facility

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Oak Grove Capital has arranged a $14.7 million loan for the refinancing of Carlton Plaza Fremont, a 122-unit independent and assisted living community in California.

It also offers respite care, and is one of eight California communities owned by Carlton Senior Living.

The facility's financing was the largest deal among five loans totaling $62.1 million for affordable market rates of several senior housing facilities in the United States, Oak Grove said.

The facility will serve the Fremont, CA, metro area.