Wesley manor, campbell, CALIFORNIA
What: 156 Unit Senior Housing
Client: Santa Clara Methodist Retirement Foundation
Original Financing: HUD 202 Direct Loan with 100% Section 8 subsidy
GDG Services: Preservation study, Mark-up-to-Market of the Section 8 contract, Refinancing with a Freddie Mac loan
Impact Statement: Loan proceeds were used to complete significant seismic upgrades and to modernize the interiors and units in this high-rise senior Section 8 property.