Ever-expanding, Lancaster Pollard is opening a new office in Denver, Colorado to oversee the structuring and funding of health care project financings for hospitals and senior living providers in Colorado, Wyoming, Montana and Idaho. Joining the firm to lead this new venture is Rob McAdams, who has been involved in investment sales and debt and equity structuring for the hotel and hospitality industry since 2005, most recently serving as partner at U.S. Hotel Advisors in Denver. The firm also made news with the placement of a $1.8 million bridge loan for a 118-unit assisted living community in Reno, Nevada. After being acquired in 2013, the community improved operations significantly. Now, with the proceeds of the five-year bridge loan, the owners will can pay off a $1.6 million note and fund $200,000 of capital improvements, including upgrades which will allow it to begin taking Medicaid residents. The loan will be refinanced via the agency market once operational enhancements have been implemented and proven within three years. Grant Goodman led the transaction for LP.
