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Aries Capital Arranges Loan for New Assisted Living Project

CORPUS CRISTI, TX-Plans call for a 56-unit facility focused on memory care.

By David Phillips | Updated on June 11, 2013

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.

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