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Cushman & Wakefield, Greystone Arrange Refi of Snohomish Senior Housing
Cushman & Wakefield and Greystone jointly arranged and closed, respectively, the refinance of Kōz on Weaver Road, a 100-unit senior housing community located just outside of downtown Snohomish, WA. The property was completed in 2020.
Cushman & Wakefield’s Dave Karson, Chris Moyer, Paul Roeter, and John Spreitzer advised an affiliate of Kōz Development, LLC in arranging approximately $14 million of financing for the multifamily asset. The Fannie Mae DUS financing was provided by Greystone.
Greystone’s Michael Zampetti originated the Fannie Mae loan, a 10-year, fixed-rate loan with full-term interest only.
“This is a high-quality and affordable senior housing community in a fantastic location in the Pacific Northwest,” said Zampetti. “As a result, we were able leverage the special nature of the opportunity to procure advantageous loan terms. The sponsor and the Cushman & Wakefield team were wonderful to work with on this transaction.
- ◦Financing
