New York, NY — February 19, 2026 — Lument has announced the closing of a $15.9 million Freddie Mac refinance for Lexington Place Senior Living, an 89-unit seniors housing community in New Smyrna Beach, Florida, which is situated on the Atlantic coast northeast of Orlando. Lument’s Casey Moore, senior managing director based in San Diego, led the transaction in partnership with Evan Hom, a senior managing director based in New York. The refinancing is the result of a correspondent agreement between Lument and Grandbridge Real Estate Capital, a wholly owned subsidiary of Truist Bank.
Built in 2017, Lexington Place consists of 67 assisted living (AL) units and 22 memory care (MC) units. The borrower is Concordis Senior Living, a family-run business offering AL, MC, and independent living (IL) in over 10 communities throughout Florida.
“We are excited to forge this collaboration between Concordis, Lument, and Freddie Mac,” said Lument’s Moore. “Concordis is a tremendous company that does things the right way, and we are proud to help as it continues expanding its reach in providing seniors with joyful lifestyles in communities that feel like home.”
The Freddie Mac loan refinances existing bank debt and provides substantial cash-out proceeds and funds for future development. It has a fixed interest rate, five-year term with one year interest only, followed by a 30-year amortization.
“Lument’s Freddie Mac loan execution achieved our goals of paying off our construction loan, returning capital to our investors, and fueling our company’s growth, all with favorable financing terms,” said Concordis President Trent Watkins.
About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 550 employees in over 30 offices across the United States.
Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.
About Grandbridge Capital
Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors. The company is a Freddie Mac Optigo℠ lender, a Fannie Mae DUS® lender and an approved FHA MAP lender.
With a current servicing portfolio of $26.7 billion, Grandbridge, an S&P “Strong” rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations.
