This covers all seniors housing and care acquisitions and financings handled by Lancaster Pollard and its affiliates.
Lancaster Pollard Mortgage Company is keeping busy, having announced two transactions for senior care assets in the Midwest. First, Brad Competty, Casey Moore and Doug Harper closed a $42 million Fannie Mae loan with a 12-year term and fixed interest rate for a CCRC client. Mr. Competty and Brendan Healy followed that up with a […]
Lancaster Pollard’s bridge lending program got a good workout in the new year with three new closings. The team of Scott Blount, Chris Mauger, Brian Cafarella and Eric Sengpiel closed the largest transaction, which totaled $12 million, on behalf of Advanced Healthcare Management to acquire a 120-bed skilled nursing facility in Southaven, Mississippi. A local […]
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 […]
The not-for-profit senior care operator, Alliance Health & Human Services, secured both a permanent refinance of its 101-bed skilled nursing facility in Braintree, Massachusetts, and a more stable financial future to further its mission there. The $14.2 million HUD loan, arranged by Aaron Becker of Lancaster Pollard, is the sixth overall closed in the relationship. […]
Grant Goodman, Casey Moore and Doug Harper of Lancaster Pollard helped structure a life insurance refinance of two memory care communities owned by Agemark Corporation. Both located in Nebraska and totaling 75 units, the properties were encumbered with traditional bank debt. Looking to lock in their interest rate early in this rising rate environment, Agemark […]
The 100% employee-owned senior care operator Medicalodges, Inc. recently obtained short-term financing from Lancaster Pollard for three of its skilled nursing facilities in Kansas and Missouri. Bill Wilson of Lancaster Pollard and Joe Munhall of LP’s Debt Syndications group arranged a $7.6 million bridge loan with a 36-month term through First Bank that will provide […]
Lancaster Pollard was brought in by North Carolina skilled nursing provider SanStone Health & Rehabilitation to reorganize its capital stack. Kevin Oakley acted as lead banker and, with the help of Gerald Swiacki and Joe Munhall, helped close a series of transactions resulting in more than $120 million in financing for the borrower. That included […]
The ever-prolific team at Lancaster Pollard closed two more HUD financings on the back of their impressive $610.4 million haul during the 232 Lean program’s fiscal year 2018, which placed them second in terms of volume among the Lean lenders. The first closing was in Greentown, Indiana for an 84-bed skilled nursing facility and a […]
There’s a new king of the HUD 232 Lean program. KeyBank Real Estate Capital unseated long-time leader Lancaster Pollard (which had topped the list since 2010 in terms of dollar volume) after closing $812.7 million in loans in FY2018, a record for single-year volume in the program and up 144% from the firm’s FY2017 volume. […]
Nearly 10 years after acquiring a large skilled nursing facility in Coal Township, Pennsylvania, Complete Healthcare Resources successfully refinanced the property with the help of Tony Ruberg of Lancaster Pollard. The facility, which features 271 total beds and 115 total units, including eight independent living units, was substantially renovated and added a dementia care wing […]