- Bravo Property Trust is a leading, privately held financing platform with a national footprint, which, along with its affiliates, has closed over $2bn in financing to date;
- The $42m loan will be used to refinance existing debt and support financing costs of two Class A, assisted living facilities in Taylor, Michigan and Chesapeake, Virginia;
- The number of Americans with Alzheimer’s is projected to double to 14m by 2060, increasing the need for more assisted living facilities that specialize in memory loss care[1].
New York, 09 February, 2026; OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and leading privately held financing platform, Bravo Property Trust, have provided a $42m loan to refinance existing debt and support financing costs of two Class A, assisted living facilities in Taylor, Michigan and Chesapeake, Virginia.
The Taylor, Michigan facility is a assisted living and memory care community located within the Detroit–Warren–Dearborn metropolitan area. Opened in 2023, the community comprises 81 licensed beds and offers private suites with kitchenettes and en-suite bathrooms, alongside communal dining areas and landscaped courtyards.
The Chesapeake, Virginia facilityis a newly developed assisted living and memory care community located within the Virginia Beach–Norfolk metropolitan area. Opened in late 2025, the facility comprises 96 licensed beds and features private suites with modern amenities, communal lounges, dining areas and outdoor courtyards.
Dylan Jagjivan, Director of Debt Finance at OakNorth, said: “Senior living continues to be a compelling sector, supported by long-term demographic trends and demand for high-quality, purpose-built facilities. The sponsor’s focus on resident-centric design and operational strength sets it apart, and we’re pleased to work with Bravo Property Trust to support their growth.”
Aaron Krawitz, Founder & CEO of Bravo Property Trust, added: “This transaction exemplifies our shared approach of partnering with best-in-class sponsors and lenders to deliver tailored capital solutions. The sponsor’s track record and strategic expansion across key markets make this a compelling opportunity.”
ENDS
Notes to editors
[1] National Library of Medicine – The National Dementia Workforce Study: Overview
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £5m-£100m in revenue), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 38,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
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