Borrower: Cedar Sinai Park is a non-profit organization that provides residential and community-based care to elders and infirm individuals, as well as services that allow them to live with comfort, independence and dignity in an environment based on Jewish values.
Amount of Loan: $20,000,000
Closed: June 28, 2016
Purchasing Bank: Pacific Continental Bank
Description of Loan: This Project was undertaken to finance the construction of two new buildings for long-term care programs and renovation of an existing building dedicated to rehabilitation. This was the borrower’s first SNAP Bond financing through OFA.
Type of Loan: SNAP Bond