CIBC Bank USA provided a $17.5 million term loan to refinance a 67-unit assisted living community in Oregon. The community has been operated by the owner for over a year, and it caters towards residents with behavioral needs. Performance has trended well over the last 12 months through occupancy improvements (75% in Q4:23 to over 90% currently) and improved margins (currently in the mid-30% range), and it is expected to improve even further. Fritz Kieckhefer and Kyle Doran handled the transaction for CIBC Bank USA.
CIBC Refinances Improving AL Community
