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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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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