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World Business
April 21, 2021

Dwight Capital Finances $22.2MM for Gramercy Park Cooperative at Lake Shore Drive in Richfield, MN

Gramercy Park Cooperative at Lake Shore Drive

Dwight Capital closed $22.2 MM in HUD financing for Gramercy Park Cooperative at Lake Shore Drive, a 157-unit senior living community located in Richfield, MN. The property consists of one, 12-story residential building situated on 1.7 acres. Its amenities include a library, fitness room, hair salon, community room, grocery store, individual storage space and exterior gardens. Gramercy Park Cooperative is adjacent to Wood Lake Nature Center, a 150-acre park with three miles of trails, boardwalks and a wildlife observation shelter. Managing Principal, Josh Sasouness, originated this transaction.