Opus Bank is pleased to announce it provided:

Title: Vista Gardens Memory Care
Amount: $18,173,506
Month: April
Year: 2019

Vista Gardens Memory Care

Opus Bank’s Healthcare Banking Division Provides an $18.2 Million Real Estate Term Loan to finance the acquisition of the Vista Gardens Memory Care facility in Vista, CA.

Overview of Transaction

Built in 2012, Vista Gardens Memory Care is a 71 unit facility in Northern San Diego County and is the only 100% memory care facility within the market. After being acquired by Northstar Commercial Partners, Vista Gardens partnered with Guest Services Senior Living, to further strengthen their operations.

Significance of Transaction

Vista Gardens Memory Care is Northstar’s fifth senior care facility in its portfolio and first in Southern California. This acquisition showcases Northstar as a successful, expanding, and capable company with much in store for its future.     

Opus Bank's Role

Opus Bank was able to offer Northstar Commercial Partners a flexible financing solution including a built-in a capital expenditure holdback within the term loan to allow for improvements to Northstar’s facility during the first year of operation.

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