Cushman & Wakefield and Greystone successfully arranged and closed the refinance of Kōz on Weaver Road, a 100-unit senior housing community located just outside of downtown Snohomish, WA. Completed in 2020, the multifamily asset was refinanced with approximately $14 million from Fannie Mae DUS financing provided by Greystone.
Michael Zampetti of Greystone originated the 10-year fixed rate loan with full-term interest only to leverage advantageous loan terms for this high quality affordable senior housing opportunity in an excellent Pacific Northwest location. Dave Karson, Chris Moyer, Paul Roeter and John Spreitzer from Cushman & Wakefield advised an affiliate of Kōz Development LLC throughout this transaction process.
Zampetti commented: “The sponsor and Cushman & Wakefield team were wonderful to work with on this transaction.”
