Dwight Capital Provides $22.2M HUD Refinancing for Gramercy Park Cooperative in Minnesota

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.