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Oxford Finance Closes $28MM Credit Facility with AvantGarde Senior Living

July 28, 2021, 08:03 AM

Oxford Finance closed a $28 million senior credit facility to AvantGarde Senior Living, 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.”

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