Wait, there’s more

After announcing its seventh fiscal year in a row when it led all other HUD LEAN lenders in terms of total loan amount, Lancaster Pollard showed it was not a one-trick pony, closing two Fannie Mae refinances for clients in California. First, Jason Dopoulos arranged a $19 million loan for a 115-bed assisted living/memory care community in Oregon. The transaction refinanced an existing $10.5 million HUD loan as well as $8.2 million of previously incurred capital expenditures. And second, Grant Goodman closed a $14.5 million Fannie Mae loan for a 110-bed assisted living community in northern California, which refunded $9.6 million in existing debt and $4 million of incurred capex. Doug Harper and Casey Moore of Lancaster Pollard assisted both Dopoulos and Goodman in the transactions.

 

 

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