Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, announced several promotions in its seniors housing and healthcare team. These follow other changes at the top, with Aaron Beck being the chief production offer and East team leader in the Spring, and Casey Moore, Doug Harper and Quintin Harris also expanding their leadership roles, with Messrs. Moore and Harper leading the West, and Mr. Harris leading the Midwest.
Michael Blackwell joined the team and will be responsible for originating new business and maintaining existing client relationships in the Northeast. He originally came to Lancaster Pollard as an associate in 2016 and is currently a vice president, with a hand in completing more than $500 million in financing transactions, including a $190 million bridge loan portfolio.
In the Midwest, Brad Granger, Kevin Laidlaw and Adam Walter joined Mr. Harris’ team. Mr. Granger leads the clinical risk group at Lancaster Pollard and its proprietary Five-Star Program analysis, but will be expanding his role to include origination efforts. Thirteen-year LP veteran Kevin Laidlaw was named a director in seniors housing and healthcare production, with a base in Chicago. Prior to this change, he oversaw sell-side, buy-side and other transaction advisory services resulting in 24 closings in that role. And Mr. Walter, vice president, will also add origination efforts for Midwest clients to his role, after joining Lancaster Pollard in 2015. He has experience in the multifamily, senior living and hospital markets, with more than $500 million in HUD loans, corporation balance sheet transactions, privately placed bonds and USDA-insured mortgages.
Finally, Justin LeBell in the western region joined the Utah-based seniors housing and healthcare team as an assisted vice president. Mr. LeBell previously provided support for both bond transactions and mortgage loans totaling approximately $225 million.
It was also business as usual at Lancaster Pollard, which recently closed the $9.5 million refinance of an 84-unit supportive living facility in Macomb, Ilinois. Built in 2007 with an addition in 2013, the property is operated by Gardant Management Solutions. The loan paid off a recent acquisition loan and features a fixed interest rate below 2.5%. That results in substantial debt service savings for the borrower. Brett Murphy led the transaction.
