Opus Bank is pleased to announce it provided:

Title: Tierra Senior Living
Amount: $5,606,000
Month: February
Year: 2015

Tierra Senior Living

Opus Bank’s Healthcare Banking division provides a $5,606,000 credit facility to TSL Curry Manor, LLC, operated by Tierra Senior Living, to refinance existing debt

Overview of Transaction

  • Tierra Senior Living is a longstanding provider of memory care and general assisted living needs located near Portland, Oregon.
  • Located within a historic residential mansion, TSL Curry Manor, LLC contracted with Tierra Senior Living, consisting of 62 licensed beds, 47 of which are dedicated to higher acuity memory care.
  • Owned and operated by long-time local resident, Mr. Peary Wood, Tierra Senior Living, LLC is a meaningful component of the Garden Valley fiber and history.

Significance of Transaction

  • Consolidated TSL Curry Manor, LLC’s existing debt and simplified its capital structure.
  • Positioned the company with a higher degree of operating leverage and a predictable cost of capital.

Opus Bank's Role

  • Opus Bank thoughtfully structured the credit facility to refinance all outstanding debt, significantly reducing the company’s monthly debt servicing costs.

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