Cushman & Wakefield and Greystone jointly announced the successful refinance of Kōz on Weaver Road, a 100-unit seniors housing community in Snohomish, Washington. Kōz Development, LLC developed the community in 2020 to feature 40 studios, 40 one-bedroom and 20 two-bedroom units in five stories. There are also common spaces on each floor and 130 on-site parking spaces.
Cushman & Wakefield served as the exclusive advisor to an affiliate of Kōz Development in arranging approximately $14 million of Fannie Mae financing, which was provided by Greystone. The C&W Equity, Debt & Structured Finance team consisting of Dave Karson, Chris Moyer, Paul Roeter and John Spreitzer represented the borrower in the transaction. Greystone’s Michael Zampetti originated the Fannie Mae loan, which is a 10-year, fixed-rate loan with a full term of interest only.
