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PARKER, Colo. — PGIM Real Estate has arranged a $60 million Freddie Mac loan for the refinancing of Lincoln Meadows Senior Living in Parker. Trace Wilson of PGIM originated the transaction on behalf of Denver-based Spectrum Retirement Communities, which owns and operates the property.
The floating-rate loan has a 10-year term, with five years of interest-only payments and a 30-year amortization.
Located 20 miles south of Denver, Lincoln Meadows features 130 independent living units, 60 assisted living units and 18 memory care units.