Cushman & Wakefield, Greystone Close $14M Refinancing for Kōz on Weaver Road in Snohomish, Washington

by Jeff Shaw

SNOHOMISH, Wash. — Cushman & Wakefield and Greystone jointly announced the firms have arranged and closed, respectively, the refinance of Kōz on Weaver Road, a 100-unit seniors housing community in Snohomish, approximately 30 miles northeast of Seattle. The property was recently completed in 2020.

Cushman & Wakefield served as the exclusive advisor to an affiliate of Kōz Development LLC in arranging approximately $14 million of financing for the multifamily asset. Greystone provided the Fannie Mae DUS financing was provided by Greystone.

A Cushman & Wakefield Equity, Debt & Structured Finance team consisting of Dave Karson, Chris Moyer, Paul Roeter, and John Spreitzer represented the borrower in the transaction.

Greystone’s Michael Zampetti originated the Fannie Mae loan, which is a 10-year, fixed-rate loan, with full-term interest-only payments.

The five-story property offers a variety of floor plans comprising 40 studios, 40 one-bedroom units and 20 two-bedroom units. The type of care offered was not disclosed.

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