ALEXANDRIA, Va. & TARZANA, Calif.--(BUSINESS WIRE)--Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™. The funds are being used to refinance existing debt on one facility located in Tarzana, California.
Founded in 2008, AvantGarde owns and operates two luxury assisted living facilities (“ALF”) in California, including the subject facility, which was acquired in 2010 as a 100-room senior living hotel and converted to a 138-bed licensed ALF. AvantGarde Senior Living of Tarzana is a certified Positive Approach Community focused on providing innovative geriatric programs, top-notch assisted care, memory care, and independent living services.
“The Company has a strong brand reputation in a highly affluent market,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “AvantGarde provides a thriving senior living environment, with exceptional services, care, and amenities.”
“We are pleased to partner with Oxford and work with a great team of knowledgeable people,” stated Jason Adelman, principal and founder of AvantGarde. “The firm has extensive experience in the healthcare real estate sector and proved to be dependable, flexible, and timely on securing the right financing terms for us.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $7 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas. For more information, visit https://oxfordfinance.com/
About AvantGarde Senior Living
Please visit https://avantgardeseniorliving.com/ to learn more.