StackSource recently arranged financing for the new development of a senior living community located in Oswego, IL, a Chicago suburb. 

The project will house 35 independent living townhomes, 76 Assisted Living units, and 29 Memory Care units providing a comprehensive range of services to the elderly population. Construction is expected to begin in March 2023 and is estimated to take 16 months. 

Senior Managing Director, Beth Mercante, and Senior Director Zach Wagner successfully arranged the capital stack which comprised 37.7M in senior debt and 14.5M in preferred equity.