Lancaster Pollard has announced several senior housing deals.
In Michigan, the company assisted Church of Christ Care Center, an assisted living and Alzheimer’s care facility, with a $9.7 million refinancing under FHA Sec. 232/223(a)(7) program. In a separate transaction, it assisted an assisted living and memory care community in Niles, MI, with $8.9 million in refinancing under FHA Sec. 232/223(f) program.
Lancaster Pollard also announced it helped Judson Continuing Care Retirement Community in Cleveland obtain $32.7 million in direct funding.
Judson was able to obtain tax-exempt, fixed-rate bonds at below 3% for a seven-year term, the company said.
