Meridian Meadows Senior Community
Meridian Meadows is a new senior living community that provides assisted living and memory care services for residents. It offers physical,emotional, mental, and social support to help seniors transition into a safe and dignified living environment.
Clearinghouse CDFI provided a long-term, fixed rate, permanent $14.7 million loan for this new facility.
Clearinghouse CDFI’s loan allowed Meridian Meadows to help meet the growing need for specialized senior care in Idaho. The new community project includes 24-hour staff support across two wings: a 52-bed skilled nursing facility and a 63-bed assisted living/memory care facility. It also serves both private pay and Medicaid / Medicare residents.
$14.7 MILLION LOAN
Clearinghouse CDFI Loan Provides Long-Term, Fixed-Rate Supporting Specialized Senior Care Community
“We were able to close our loan with Clearinghouse CDFI just as COVID-19 was hitting the country. The built-in interest reserve has helped us remain strong as we continue to lease-up resident spaces. Thanks to Clearinghouse CDFI, we are able to focus on what’s most important—the care of our residents during this most difficult time.”
— Michael Wright, Manager, Treasure Senior Partners (Meridian Meadows Developer)