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May 25, 2023

Koz gets $14M refi in Snohomish

Cushman & Wakefield and Greystone recently announced a $14 million refinancing package to benefit Koz on Weaver Road, which is near the city of Snohomish. Koz completed the 100-unit senior community three years ago. Dave Karson, Chris Moyer, Paul Roeter and John Spreitzer of C&W represented Koz, and Greystone originated the Fannie Mae loan. The 10-year fixed-rate financing carries full-term interest only. Moyer said in a statement that the fully leased project fills “a void in the market, offering high-quality, affordable age-restricted housing.” Cathy Reines leads Koz, a very active developer of workforce and student housing in our market and Portland. She added, “Snohomish is an idyllic location that as an owner and developer we value greatly, and maintain a positive outlook for its future.”

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