Lument closed a $7.5 million Fannie Mae loan to refinance Carlton Senior Living, a 56-unit assisted living community in Sacramento, California. Nick Hamilton, Casey Moore and Doug Harper led the transaction for Lument. A repeat Lument client refinanced its existing Fannie Mae loan with a new seven-year loan that features a 30-year amortization and a low, fixed interest rate.
Built in 2008, Carlton Senior Living is located on the Carlton Senior Living Continuum of Care Campus, next to a 128-unit AL/memory care community that was also refinanced in 2016 by Lument. When it first opened, Carlton Senior Living was serving high acuity AL residents, but in 2021, the sponsor altered its strategy and catered its services more toward traditional AL.
