GAO: Federal falls programs overlook disabled seniors and should share more data
Alicia Lasek (f3)
Jul 29, 2022
Targeting a larger, more inclusive group of at-risk seniors will help prevent even more falls and their costly consequences, the GAO finds.
Skilled nursing owners finding attractive lifeline in booming HUD lending
Oct 25, 2021
Whether cash-strapped or eager to reinvest as a means to drive census, more skilled nursing owners are investigating HUD-backed loans as alternatives to traditional commercial products.
Former nursing home owner in record $140M HUD bailout hit with 10 fraud counts in alleged Ponzi scheme
James M. Berklan
Sep 16, 2020
Zvi Feiner, the former owner and CEO of a chain of Chicago-area and Missouri nursing homes, was charged with 10 counts of fraud for running an alleged Ponzi scheme worth millions of dollars, federal prosecutors...
HUD testing housing model that could delay nursing home care
Oct 25, 2017
The Department of Housing and Urban Development is seeking stakeholder comments on its plan to test a supportive services model that aims to cut down on seniors’ nursing home, hospital and emergency...
Cambridge Realty Capital Companies arranges $12.6 million loan for assisted living facility
Apr 29, 2014
Cambridge Realty Capital Companies has arranged a $12.6 million HUD Lean loan to refinance The Ponds of Wealshire Assisted Living facility in Lincolnshire, IL.
DOJ approval of $1.2 million deal ends case of owner who used nursing homes as ‘piggy banks’
Mar 24, 2014
Federal authorities have agreed to a $1.2 million settlement that would bring a long and complex case of nursing home embezzlement to a close, according to news reports from Rhode Island.
Housing department announces $120 million in funding to help with Olmstead compliance
Mar 14, 2014
State housing agencies can apply for $120 million in new federal funding to support housing options for disabled people transitioning out of long-term care facilities, the Department of Housing and Urban...
Borrowing to build
Jan 01, 2014
New construction funding for skilled nursing facilities remains scarce, but lenders say they will listen if operators present a convincing case for building.
Lancaster Pollard helps with $23 million refinancing for AL campus
Dec 03, 2013
Lancaster Pollard recently assisted Samaritan Village, a California long-term care community, refinance with $23.3 million to convert a portion of their independent living units into assisted living units....
Lancaster Pollard leads in HUD Lean program
Nov 05, 2013
Lancaster Pollard generated the largest volume of activity in the U.S. Department of Housing and Urban Development Lean mortgage insurance program for seniors housing, the company announced last week.