Oxford Finance Supplies $23.5 Million Credit Facility to Prosper Lifetime Care

Margie D. Moore

ALEXANDRIA, Va.–(Organization WIRE)–Feb 3, 2021–

Oxford Finance LLC (“Oxford”), a specialty finance organization that offers senior personal debt to healthcare products and services and everyday living sciences businesses all over the world, currently declared the closing of a $23.5 million senior credit facility and revolving line of credit score to Prosper Life Care Inc. (“Prosper Life” or “the Firm), a administration corporation with more than a few decades of blended expertise in healthcare, Prosper Lifestyle specializes in assisted living and memory treatment.

The proceeds had been utilized for the acquisition of two assisted residing/memory treatment amenities positioned in Massachusetts totaling 214 units.

Prosper Lifestyle Care was shaped in 2019 with the function of developing a lasting effects on the citizens of assisted dwelling and memory treatment communities. The Firm operates with the objective to boost communities via productive use of process, engineering, and devices. This is carried out by living by the Prosper Existence core values of making life enjoyable, generating the community a dwelling, and delivering intent to absolutely everyone.

“Although this is Oxford’s 1st transaction with Prosper Everyday living Treatment, the Company’s principals and investors have a long record of results in the house,” stated Tracy S. Maziek, head of health care products and services at Oxford Finance. “We anticipate a great deal good results for this team in the foreseeable future.”

“We could not have picked a superior associate than Oxford for funding,” extra Russ Papia, president of Prosper Lifetime Care. “We all had to believe outside the house the box to get this offer throughout the end line through a pandemic. The crew at Oxford was really skilled, responsive, and knowing during the course of action.”

About Oxford Finance LLC

Oxford Finance is a specialty finance organization furnishing senior secured loans to general public and personal lifetime sciences and health care companies corporations throughout the world. For around 20 many years, Oxford has shipped adaptable funding remedies to its consumers, enabling these corporations to optimize their fairness by leveraging their assets. In current years, Oxford has originated about $6 billion in loans, with traces of credit score ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with extra places of work in San Diego, Calif. Palo Alto, Calif. and the larger Boston and New York City areas. For far more details, stop by https://oxfordfinance.com/

About Prosper Life Care

Prosper Everyday living Care is a forward-considering management corporation specializing in assisted dwelling. With a mixed encounter of about a few many years in healthcare, Prosper Daily life Care’s leadership workforce has a passion for delivering care that improves a person’s daily life. This is carried out by improving upon excellent of lifetime for not only the people, but the staff that are responsible for giving treatment. To obtain out far more about Prosper Lifestyle Treatment, please go to https://prosperlifecare.com/

Perspective source version on businesswire.com:https://www.businesswire.com/information/residence/20210203005659/en/

Get in touch with: Media

Selma Bašić

Oxford Finance LLC

703-519-4900 Tel

[email protected] 

Keyword: UNITED STATES NORTH The us VIRGINIA

Field Key phrase: SENIORS Observe Management MANAGED Treatment FINANCE Overall health BANKING Specialist Providers Shopper

Supply: Oxford Finance LLC

Copyright Company Wire 2021.

PUB: 02/03/2021 10:33 AM/DISC: 02/03/2021 10:33 AM

http://www.businesswire.com/information/residence/20210203005659/en

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