CORPUS CRISTI, TX-Aries Capital, led by Leonard Smith, senior vice president, from the firm's Houston office, has completed a loan for The Village at Oso Bay, a newly planned 56-unit memory care community in Corpus Christi. The loan is valued at $7.5 million.
The Village of Oso Bay is a development of Thrive Senior Living, LLC based in Atlanta. Thrive owns and operates a number of senior care facilities throughout Georgia, Texas and Florida. Led by the firm's founder Jeramy Ragsdale, Thrive Senior Living creates living environments based on innovation, cutting edge technology and artistic design.
“We are excited to begin construction on our new community in Corpus Christi which will offer compassionate and innovative care,” said Ragsdale. “Construction loans for ground-up senior living facilities are complex and can be difficult, but as a result of Aries Capital's market knowledge and Leonard's persistence, we were able to get this project off the ground.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
