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RICHFIELD, Minn. — Dwight Capital has provided a $22.2 million HUD-insured loan for the refinancing of Gramercy Park Cooperative at Lake Shore Drive in Richfield, an inner-ring suburb of the Twin Cities.
The 157-unit senior living community rises 12 stories on 1.7 acres.
Amenities include a library, fitness room, hair salon, community room, grocery store, individual storage space and exterior gardens.
Josh Sasouness of Dwight originated the 223(a)(7) loan on behalf of the undisclosed borrower.