Bank expands long-term care team
United Community Bank announced it was expanding its Specialized Lending division team with experts in assisted living, memory care and skilled nursing centers.
The team of four people will be based in Birmingham, AL, and operate throughout the Southeast. Goals include providing loans and consultation to facility operators in the sector who want to construct, expand or renovate. The team will be led by Jennifer Lawley and be under United Community Bank's Corporate Banking Platform.
“We are particularly pleased to add this team and their capabilities to our specialized lending operation,” said Charles Chamberlain, Director of Corporate Banking at United Community Bank. “Our footprint represents a desirable retirement region and we have found these types of transactions to be much more complex than other types of project financing. Having a dedicated team with this specific industry knowledge will allow United Community Bank to become a very competitive force within this sector.”