Borrower: Mary’s Woods at Marylhurst is a caring community inspired by the vision and values of the Sisters of the Holy Names of Jesus and Mary, providing a continuum of housing, health and educational services. Mary’s Woods seeks to ensure the dignity, independence, well-being and security of older persons through the provision of a wide range of services and educational options.
Amount of Loan: $18,000,000
Closed: June 13, 2014
Purchasing Institution: US Bank, N.A.
Description of Loan: This financing project was a private placement that will allow Mary’s Woods to construct 17 additional villas and upgrade certain existing facilities. This is the second financing through OFA and the Office of the State Treasurer for Mary’s Woods.
Type of Loan: Traditional Bond – Direct Placement