This covers all seniors housing and care acquisitions and financings handled by Lancaster Pollard and its affiliates.
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 […]
The new relationship between Lancaster Pollard and its parent company (for less than a year) ORIX Corporation USA is paying off for their clients. One of them, Georgia-based Brickmont Assisted Living, took advantage of those synergies to obtain construction financing for its to-be-built assisted living/memory care community in Johns Creek, Georgia. Lancaster Pollard placed $16.7 […]
There’s no such thing as a summer lull for Lancaster Pollard, which recently announced the closing of $400 million in bridge financing for 27 skilled nursing facilities located throughout California. The borrower was a large skilled nursing operator based in California, Plum Healthcare, that previously had a corporate term loan credit facility on the portfolio. […]
Three years after acquiring a 48-unit assisted living community in Shawnee, Kansas, Granite Investment Group is refinancing it. Ross Holland of Lancaster Pollard led the way on the transaction (not LP’s first with Granite), securing a $6.9 million Fannie Mae loan with a seven-year term and a variable interest rate. Granite had bought the community […]
Spreading the love this month, Lancaster Pollard worked with HUD, Fannie Mae and a bank to close its latest three transactions. Quintin Harris led the way on the HUD deal, closing an $11.7 million refinance to replace short-term, floating-rate commercial bank debt on a 95-unit senior living community in St. Michael, Minnesota. Moving forward, the […]
Lancaster Pollard closed a large construction on behalf of Los Angeles-based Ridge Senior Living to build a new luxury senior living community in Lakewood, Colorado (Denver MSA). Once complete, the community will comprise 318 total units of independent living, assisted living and memory care. To fund its development, Jason Dopoulos, Ross Holland and Joe Munhall […]