Lancaster Pollard recently closed several transactions.
Lancaster Pollard has opened a new office in Chicago, which will be headed by Brett Murphy. He
Lancaster Pollard recently helped Jennings, a nonprofit organization sponsored by the Sisters of the Holy Spirit in Garfield Heights, OH, obtain $28.3 million to refinance existing debt and fund a new construction project.
Lancaster Pollard recently helped The Lutheran Care Network refinance a New York facility with a $12.3 million loan. The loan was insured by the FHA Sec. 232/223(f) program.
Lancaster Pollard announced it has assisted Nevins Nursing & Rehabilitation Center with a refinance of its existing letter of credit debt. It obtained a $6.6 million fixed rate loan.
The past several years saw a glut of refinancings in the seniors housing and care sector as providers sought to take advantage of the historically low interest rate environment and lower their debt service
Lancaster Pollard recently closed seven loans for $36.9 million for a public REIT, the firm said.
Tyler Howard has been promoted to role of communications editor and media relationship manager for Lancaster Pollard.
Lancaster Pollard has arranged financing for an Ohio assisted living facility for its expansion and for an Ohio continuing care retirement community.
Lancaster Pollard, a provider of financing solutions for healthcare, senior living and housing organizations in Columbus, OH, recently closed four separate deals.
Critical access hospital Fall River Health Services recently was able to fund a $6.2 million expansion with a $4 million supplemental FHA loan, Lancaster Pollard announced.
Lancaster Pollard has added Kyle Hemminger, a U.S. Army veteran, to its Austin office as vice president.
Lancaster Pollard recently took on four separate transactions involving the refinancing of properties in Oregon, Colorado, Kentucky, Indiana and Arkansas.
Lancaster Pollard has hired Grant T. Goodman as vice president of the firm's investment banking and mortgage banking office in Los Angeles. He will be responsible for the Nevada and Northern California markets.
Lancaster Pollard has hired Stephen F. Graham as managing director of the firm's mergers and acquisitions services. Graham will lead a national effort to expand the firm's sell-side and buy-side services for seniors housing and care properties.
Lancaster Pollard has announced several senior housing deals, including with Church of Christ Care Center in Michigan.
Senior living providers that use AR financing should be aware that the U.S. Department of Housing and Urban Development (HUD) Sec. 232 program, better known as HUD LEAN, has recently announced substantial changes to loan documents. Among those changes are significant revisions to the accounts receivable financing documents.
Lancaster Pollard recently assisted Samaritan Village, a California long-term care community, refinance with $23.3 million to convert a portion of their independent living units into assisted living units. Samaritan Village is operated by Hughson Samaritan Village.
Lancaster Pollard generated the largest volume of activity in the U.S. Department of Housing and Urban Development Lean mortgage insurance program for seniors housing, the company announced last week.
Lancaster Pollard has assisted Wilmac Corporation in refinancing $30.8 million for three of its facilities: Attleboro Nursing & Rehabilitation Center, the Brunswick at Attleboro and the Brunswick at Longstown. The facilities offer assisted living and skilled nursing.
Investment group Lancaster Pollard has updated the "Financing Options for Nonprofit Senior Living Organizations" to help senior living providers, the company said.
Capital One Bank, Lancaster Pollard, Northstar Realty and National Health Investors all announced final transactions for clients.