Greystone has provided a $24.8 million Freddie Mac Optigo loan to refinance Laurentide at Mashpee Commons in Mashpee, Massachusetts, minutes from the Cape Cod shoreline. The Freddie Mac fixed-rate, non-recourse financing carries a 10-year term and a 30-year amortization. Managing director Shailini Nehra handled the transaction on behalf of owner Northbridge Companies.
Ten percent of the units at the 2018-built, 70-unit senior housing community have been designated affordable by the Cape Cod Housing Authority. With independent living, assisted living and memory care services, the senior housing community features studio, one- and two–bedroom residential units. Amenities include a full physical and occupational therapy gymnasium, chef-prepared meals, and life enrichment and wellness programming. The area also features many restaurants and health care facilities.
Northbridge Companies develops, owns and manages senior living communities throughout New England. It has grown from a single Plymouth, Massachusetts community to a portfolio of 19 properties.
