March 5, 2019

Celebrating the Financial Closing of the Rogue River Portfolio in Rogue River, Oregon

Rogue River Glendale, Oregon

Congratulations go out to Catholic Charities of Oregon/Caritas Housing Initiatives on the financial closing of the Rogue River Portfolio in Rogue River and Glendale, Oregon! This groundbreaking development is spread across three locations and will preserve 36 homes for seniors and 64 for families.

In addition to updated accessibility and interiors, a new community room and laundry room will be available to the residents. Catholic Charities will assist residents with community services and resident engagement.

Financing

Permanent Financing includes a $2.7 million USDA 538 loan, and a $1.5 million sponsor note. Enterprise is proud to provide $12.1 million of equity.