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Atlanta & Southeast  + Carolinas  + Finance  |  October 5, 2022
Singh Development secured a $53.1 million permanent loan from Fannie Mae for its Waltonwood Lake Boone retirement community in Raleigh, NC.
Lisa McDuffie
By: Lisa McDuffie

Singh Development Secures $53M Perm Loan for Raleigh Retirement Community

Singh Development has locked in a KeyBank Real Estate Capital-secured $53.1 million permanent loan from Fannie Mae for its Waltonwood Lake Boone retirement community in Raleigh, NC. 

KeyBank Real Estate Capital originally provided a bridge loan for the Waltonwood Lake Boone community in 2019. The new Fannie Mae financing allows Waltonwood to recapitalize the community with a 10-year fixed rate loan and provides additional capital for future growth within its portfolio.

The 2018-constructed Waltonwood Lake Boone community is a Class A seniors housing community comprised of 181 total independent living, assisted living and memory care units.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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  • ◦Financing