A large seniors housing campus in upstate New York secured permanent Freddie Mac financing thanks to the team of Tyler Armstrong, Chris Cain and Taylor Russ of Lument. Located in Rochester, The Village at Unity consists of 272 independent living units and The Village at Hamlet features 40 assisted living units and 20 memory care units. The property was originally built in 1990 with renovations in 2000, 2012 and 2022.
Rochester-based real estate investment firm Wegman Companies acquired the communities in 2018 through a partnership with Columbia Pacific Advisors and in a strategic alignment with Rochester Regional Health. Leisure Care took over management of the campus.
Lument arranged a $58.2 million fixed-rate Freddie Mac loan with a 10-year term and interest only for four years to replace an existing agency loan and to provide substantial funds for capex.
