Refinancing of facilities announced
Editor's Note: This story has been updated.
Lancaster Pollard recently announced refinancing for three facilities.
The facilities, which were sold by Juniper Communities to Davakia in 2014, were a 60-unit skilled nursing facility in Colorado, a 58-unit SNF in Colorado. and a SNF and assisted living facility in Oregon. They received a total loan of $9.5 million.
Lancaster assisted Summit Healthcare REIT for the refinancing through the FHA Sec. 232/223(f) program.
Jason Dopoulos led the transaction for Lancaster Pollard.