Lument Provides $7.5M Fannie Mae Refinancing for Carlton Senior Living in Sacramento

by Jeff Shaw

SACRAMENTO — Lument has provided a $7.5 million Fannie Mae loan to refinance Carlton Senior Living, a 56-unit assisted living community in Sacramento.

Built in 2008, Carlton Senior Living is located on the Carlton Senior Living Continuum of Care Campus, next to a 128-unit assisted living and memory care community that was refinanced in 2016, also with assistance from Lument. When it first opened, Carlton Senior Living was serving high-acuity assisted living residents. In 2021, the borrower altered its strategy and catered it services more toward traditional assisted living.

The $7.5 million Fannie Mae loan refinances an existing Fannie loan and features a seven-year term, 30-year amortization and fixed interest rate.

Nick Hamilton, Casey Moore, and Doug Harper led the transaction for Lument.

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