Oakmont at Carmichael
A $25,154,000 Freddie Mac Seniors loan was provided to Oakmont Senior Living LLC for Oakmont of Carmichael – the 71-unit AL/MC community in Carmichael, CA – and carries a 10-year fixed-rate term with a 30-year amortization. The property is newly constructed and is comprised of a 2-story building located on 2.38 acres. Amenities include a theater room, game room, beauty salon/barber shop and a landscaped interior courtyard with patio.
“Our sound relationship and experience with Freddie Mac and its products equipped us to provide these clients with financing solutions tailored to their needs in the seniors care industry,” said Joe Mosley, Executive Managing Director and head of Agency lending at Greystone. “We look forward to continuing our relationship with Freddie Mac and assisting our clients in meeting their future business goals.”
“Having worked with Greystone on many transactions in the seniors housing sector, they consistently exceed our expectations on service and execution,” said Joseph G. Lin, CFO, Oakmont Senior Living LLC.