Financing for the Alaska’s newest assisted living community

“Love Funding secured financing for the Last Frontier’s newest assisted living community. Located in Anchorage’s U-Med district (and less than two miles from three hospitals), the community is being purpose-built by Baxter Senior Living as a high-end assisted living option for Alaskans. Along with 63 private AK and 33 private and semi-private memory care units, the private pay community will feature amenities including a theater, cafe and pub, fitness studio and art center, with Portland, Oregon based Paradigm Senior Living as its manager.

Love Funding’s Holly Bray secured a bridge loan provided by Love’s parent company, Midland States Bank, with First National Bank Alaska also serving as participant in the loan. The financing will allow construction to continue through the winter months, enabling a summer 2019 opening.”

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