Opus Bank is pleased to announce it provided:
- Title: Vista Gardens Memory Care
- Amount: $18,173,506
- Month: April
- Year: 2019
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.
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 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.