Lancaster Pollard announces financing
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.