Assisted Living Community Development Is Fully Funded

Contact: Karl Drucks FOR IMMEDIATE RELEASE Tel: (907) 891-9696 Email:

The development of Baxter Senior Living in Anchorage received a significant boost today with the revelation that it has secured full funding for the finished development of its assisted living residences, amenities, and funding

Anchorage, Alaska,– September 6, 2018 Senior citizens and their families today welcomed the news that Alaska’s newest, largest senior care community is now powering through to an opening, scheduled for August of 2019.

The development means that Anchorage is finally getting the senior assisted living community that Alaska’s biggest city has been clamoring for – a true 21st-century facility that offers choice, personalization, and a high quality of life close to home.

“There is a huge demand for a new, high-quality assisted living community in Anchorage – for too long, Alaskans and their families have had to look to the Lower 48 to find senior living communities which fully met their needs. We’re delighted to say that this is all set to change,” JR Wilcox, president of Baxter Senior Living.

“We aim not only to become Anchorage’s top senior living facility but also to set a gold standard for other facilities in the state of Alaska. Not only can residents stay close to their families and maintain a vital connection with the community they call home, but also enjoy a high standard of living that makes them feel at home within a community of their peers.”

Baxter Senior Living is fully financed, having secured a $20.1 million loan for the project’s construction and permanent financing. The loan was arranged by Love Funding and financed by a lending participation between Midland States Bank and First National Bank Alaska.

With full funding acquired, a foundation in the ground, and structural steel on-site the project is set to make rapid progress over the next several months – senior residents and their families are already reserving rooms.

“We have one goal – to support seniors by providing them homes and services that not only enhance their independence but also give them the freedom to pursue their interests and age with grace,” said Lee Cory, CEO of Paradigm Senior Living. “The whole facility is designed to encourage an active lifestyle in a supportive, homely environment – enabling residents to live to their fullest, no matter what.”

Paradigm Senior Living is a leading national provider of professional senior care management. The business has developed and operated over fifty senior living facilities across the United States, valued at more than $500m over the past two decades.

For more information about Baxter Senior Living, its location, its facilities, and to register interest in booking a tour, please visit For all general and media inquiries, please contact Karl Drucks at (907) 891-9696 or email

Baxter Senior Living will break ground on their new senior housing construction project, located at 4308 Baxter Road, on Tuesday, September 11,2018 at 10:30am. Baxter Senior Living invites their supporters to join them in kicking off Alaska’s newest, largest senior care community is in Anchorage.

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