Oak Grove closes on 7 senior housing loans for $50.9M
Oak Grove Capital, a national lender, recently closed seven loans for senior housing across the U.S. totaling $50.9 million. The deals were closed between May 28 and June 30, and range from $3.9 million to $18.2 million each.
The largest loan is for TowerLight Senior Living, a 113-unit community in St. Louis. TowerLight will feature an intergenerational child- and elderly care program, a fitness center, salon, library, game room, theater, arts and crafts room, and more.
The other loans are for senior living facilities located in Montana, North Carolina and Wisconsin.