Lument Closes $130 Million Refinancing for Murano Senior Living in Seattle

Debt capital markets financing supports Columbia Pacific Advisors' 243-unit seniors housing community

NEW YORK, Nov. 9, 2026 - Lument announced today the closing of a $130 million floating-rate loan to refinance Murano Senior Living, a 243-unit independent living, assisted living, and memory care community in Seattle. The transaction was led by Chris Cain, Tyler Armstrong, and Taylor Russ, managing directors with Lument's seniors housing and healthcare team.

Murano is a Class A, 24-story community in Seattle's First Hill neighborhood. Developed by sponsor Columbia Pacific Advisors, the community opened in 2019 and includes 215 independent living and assisted living units and 28 memory care units.

Lument arranged the floating-rate financing through its debt capital markets platform. The transaction refinances the community's existing debt while providing additional capital to support planned common-area improvements and the sponsor's broader investment strategy.

"This financing reflects the strength of the sponsorship, the continued operating momentum at Murano, and the long-term fundamentals supporting seniors housing in Seattle," said Cain. "Working alongside Columbia Pacific Advisors, we were able to structure a solution that provides the flexibility to execute its business plan as the community continues to mature."

"Lument's debt capital markets platform proved especially effective in today's financing environment, providing the flexibility and certainty of execution needed to advance our strategy for Murano," said Pete Aparico, president and head of real estate at Columbia Pacific Advisors.

Columbia Pacific Advisors is a Seattle-based alternative investment management firm that has executed more than $10 billion in seniors housing-related transactions since 2006.

Murano is operated by Merrill Gardens, a Seattle-based seniors housing owner and operator. Merrill Gardens took over management of the community in October 2023. Since that transition, occupancy has increased from approximately 59% to over 90% as of October 2026.

The community offers a range of resident amenities, including chef-prepared dining, wellness suites, an art studio, a theater, an outdoor terrace, and other hospitality-focused spaces.

About Lument

Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing real estate, as well as healthcare and other commercial asset classes. Lument's experienced professionals leverage deep relationships and market knowledge to help clients achieve their financial objectives.