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Columbia Pacific Advisors Receives $130m Refinancing For Community In Seattle

SEATTLE — Columbia Pacific Advisors has received a $130 million loan for the refinancing of Murano Senior Living, a seniors housing community located in Seattle. The borrower developed the property, which opened in 2019.

Chris Cain, Tyler Armstrong and Taylor Russ of Lument arranged the financing on behalf of the borrower.

“This financing reflects the strength of the sponsorship, the continued operating momentum at Murano and the long-term fundamentals supporting seniors housing in Seattle,” says Cain.

Murano Senior Living features 243 units, with 215 independent and assisted living units and 28 memory care units. Amenities at the property include wellness suites, an art studio and an outdoor terrace.

Merrill Gardens operates the community on behalf of the owner. Occupancy at the property surpassed 90 percent in October.

Alternative investment management firm Columbia Pacific Advisors has executed more than $10 billion in seniors housing-related transactions since 2006.

The post Columbia Pacific Advisors Receives $130M Refinancing for Community in Seattle appeared first on Seniors Housing Business.

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Columbia Pacific Advisors Receives $130m Refinancing For Community In Seattle

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