National Cooperative Bank Provides $9.2 Million to Seen PACE

Arlington, VA (February 03, 2025) — National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide recently closed two loans totaling $9.2 million to Seen Health San Gabriel Valley, LLC for a new Program of All-inclusive Care for the Elderly (PACE) facility in San Gabriel, CA. 

NCB loan proceeds will be used to finance capital expenditures and operating expenses for the new PACE facility. Seen Health's first PACE program will be in the heart of San Gabriel Valley and will focus on Asian seniors who have historically been underserved due to language barriers, lack of access, and other culturally rooted challenges. 

The PACE model is centered on the belief that it is better for the well-being of seniors with chronic care needs and their families to be served in the community whenever possible. PACE serves individuals who are age 55 or older, certified by their state to need nursing home care, can live safely in the community at the me of the enrollment, and live in a PACE service area.