Aron Will, Vice Chairman of CBRE National Senior Housing, Kevin Randles, Senior Vice President of CBRE, and Adam Mincberg, Senior Vice President of CBRE National Senior Housing, successfully arranged the refinancing of Winding Commons Senior Living.
CBRE facilitated a new loan for the community through its Fannie Mae DUS Lending Platform on behalf of long-term client, Ray Stone, Inc. This refinancing enabled the sponsor to secure long-term, 10-year fixed-rate debt with the incumbent lender, and marks CBRE’s second successful financing of the community.
Originally built in 2003 and featuring 100 independent living units, the community is situated on a 5.10-acre site in Carmichael, California, close to downtown Sacramento. It is a garden-style residential complex, spanning 121,800 square feet of net rentable area. Ray Stone has owned and operated the community since its inception, implementing renovations over time.
