New York, NY — April 8, 2024 — Lument announced the closing of a $16.5 million loan for Assured Senior Living to refinance a portfolio of residential assisted living memory care (MC) communities in the metropolitan Denver area. Rob McAdams, director for Lument based in Denver, led the transaction.

The portfolio consists of 10 ranch-style homes located within a larger neighborhood with other community members. The homes feature a maximum of 12 residents each, use shared services, and have a team member housing option. Nine of the 10 homes offer MC, and one specializes in care for traumatic brain injuries.

“We’re proud to support Assured Senior Living’s holistic care model, with their focus on creating a fun, homelike atmosphere while providing specialized care for cognitive impairment,” said Lument’s McAdams. “With cost-effective, long-term FHA debt now in place, Assured can continue to focus on providing exceptional care for its residents.”

The U.S. Department of Housing and Urban Development HUD/Federal Housing Administration (FHA) Sec. 232/223(f) transaction refinances existing debt from the purchase of the communities in 2020. The non-recourse loan has a fixed interest rate and 35-year term, and funds repairs and a replacement reserve.

Amenities offered at the homes include an art therapist, art classes with the opportunity to submit work to auctions, music therapy, karaoke, bingo, and more.

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 is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, real estate investment sales, investment banking, and investment management solutions. The company has approximately 600 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/.