Lancaster Pollard announces transactions
Lancaster Pollard recently closed seven loans for $36.9 million for a public REIT, the firm said.
The loans, through the FHA Sec. 232/223(f) program, are for skilled nursing and assisted living facilities in Oregon and North Carolina. The REIT had recently purchased the seven facilities and was seeking a permanent financing solution.Lancaster Pollard also recently refinanced a 200-bed skilled nursing facility in Suffolk County, NY, with a $21 million loan, and a 51-unit assisted living and memory care facility in New Jersey with a $9 million loan.