New York, NY — April 11, 2025 — Lument recently closed two U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 232/223 loans totaling $20.7 million to refinance two memory care communities in northern California. Doug Harper, managing director at Lument, co-originated the loan with Grant Goodman of G Capital.

The two communities are Crescent Oaks Memory Care, which features 22 units and 36 beds, and Silver Oaks Memory Care, which consists of 25 units and 43 beds. Crescent Oaks is located in Sunnyvale, part of Santa Clara County, and Silver Oaks is in Menlo Park in San Mateo County.

“We were able to successfully collaborate with all parties to navigate the volatile interest rate environment and deliver favorable permanent financing that is a major improvement over the high-cost bank debt previously in place,” said Lument’s Harper.

The FHA loans refinanced existing debt and funded replacement reserves. Both loans featured low, fixed interest rates, and 35-year terms and amortization schedules. The two facilities will be combined under a new master lease.  

“We’re thrilled to help the borrower continue to invest in these high-quality communities that provide vital memory care services for the area’s seniors,” said Goodman of G Capital. “The permanent financing simplifies and improves their fiscal outlook, positioning them well for years to come.”

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 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/

About G Capital
G Capital, headquartered in Carmel CA, is a capital advisory firm that sources and structures debt and equity for operators and investors in the healthcare real estate sector nationwide.

www.gcapitalmarkets.com