The combined firms of Hunt Real Estate Capital, RED Capital Group and Lancaster Pollard are moving forward together under one brand name: Lument. According to ORIX Real Estate Capital’s CEO James Flynn, the name was chosen for its associations with light and energy, emphasizing the combined company’s expertise, products and resources along with its drive to guide its clients to successful closings.
The name change also follows a period of organizational restructuring among the three legacy companies, process streamlining and investment in new technology following the company merger in April 2020. Now, with the integration complete and the scale of ORIX’s balance sheet, Lument should continue to be a force in the senior care lending market.
Lument already hit the ground running with the refinance of a 120-bed skilled nursing facility in Oswego, New York. Lancaster Pollard had previously arranged a bridge loan for the family-owned and operated property, and now Lument has replaced it with a $9.5 million HUD loan featuring a 35-year term and interest rate in the mid-2s. Miles Kingston led the transaction.