Lancaster Pollard assists in senior housing dealsLancaster Pollard has announced several senior housing deals.
In Michigan, the company assisted Church of Christ Care Center, an assisted living and Alzheimer's care facility, with a $9.7 million refinancing under FHA Sec. 232/223(a)(7) program. In a separate transaction, it assisted an assisted living and memory care community in Niles, MI, with $8.9 million in refinancing under FHA Sec. 232/223(f) program.
Lancaster Pollard also announced it helped Judson Continuing Care Retirement Community in Cleveland obtain $32.7 million in direct funding.
Judson was able to obtain tax-exempt, fixed-rate bonds at below 3% for a seven-year term, the company said.