Lancaster Pollard Secures HUD Construction Debt

Jason Dopoulos of Lancaster Pollard secured construction financing through HUD on behalf of Sunshine Retirement Living to expand its presence in southern California. Already with two senior living communities in the San Diego area, the Oregon-based Sunshine, along with Welbrook Senior Living, is working on building its first in the Los Angeles MSA. The Fountain Valley community will feature 106 assisted living and 39 memory care units when it opens in 2020. Situated about 35 miles southeast of Los Angeles, it is also ideally located next to Fountain Valley Regional Hospital, which certainly adds to the property’s appeal. With its low interest rate, the $36 million HUD loan should help Sunshine focus on stabilization and operations moving forward.

 

 

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