Symetra Provides $6.5 Million Refinance For Discovery Point Retirement Community In Mesa, AZ

Discovery Point Retirement Community is a 101-unit age-restricted multifamily property located at 6210 East Arbor Avenue in Mesa, Arizona. The property serves as a retirement community offering independent living in a garden-style complex, featuring spacious units and landscaped grounds along with on-site amenities such as dining services, wellness programs, and transportation options.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $6,500,000
• Loan Type: Refinance
• Lender: Symetra
• Brokers: Michael Zborowski, Bryan Geffen & Zachary Grossman - Meridian Capital Group
• Interest Rate: 6.12%
• Loan Term: Five years

Meridian Capital Group facilitated the financing arrangement for the refinance of Discovery Point Retirement Community, emphasizing their role in securing the loan provided by a life insurance company. Michael Zborowski, Bryan Geffen, and Zachary Grossman represent Meridian Capital Group in this transaction, highlighting the expertise they bring to the deal.