Oxford Finance closed a $23.5 million senior credit facility and revolving line of credit to Prosper Life Care Inc., a management company with over three decades of combined experience in healthcare, Prosper Life specializes in assisted living and memory care. The proceeds were used for the acquisition of two assisted living/memory care facilities located in Massachusetts totaling 214 units.

Prosper Life Care was formed in 2019 with the purpose of creating a lasting impact on the residents of assisted living and memory care communities. The Company operates with the goal to improve communities through efficient use of process, technology, and equipment. This is done by living by the Prosper Life core values of making life fun, making the community a home, and delivering purpose to everyone.

“Although this is Oxford’s first transaction with Prosper Life Care, the Company’s principals and investors have a long history of success in the space,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “We anticipate much success for this team in the future.”

“We could not have selected a better partner than Oxford for financing,” added Russ Papia, president of Prosper Life Care. “We all had to think outside the box to get this deal across the finish line during a pandemic. The team at Oxford was extremely professional, responsive, and understanding throughout the process.”