Lancaster Pollard announces financing

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Lancaster Pollard recently assisted Premier Senior Living with the $47.1 million in financing for seven of its seniors housing and care facilities in the Southeast, the firm announced.

Premier Senior Living operates in North Carolina, South Carolina and Georgia with a staff of 580.

Lancaster Pollard decided the FHA Sec. 232/223(f) program was the best solution due to its low, fixed interest rate, long term and non-recourse feature.

The deal included master lease and debt allocation for four of the communities in order to allow for a more manageable debt structure.