Lancaster Pollard Refinances Texas SNFs

Four years on from their acquisition, four skilled nursing facilities owned by Summit Healthcare REIT refinanced through HUD, thanks to Jason Dopoulos of Lancaster Pollard. Located in Granbury, Woodville, Jacksonville, and Longview, Texas, Summit and its joint venture partner, Best Years, LLC, acquired the facilities in 2015 for $27 million, or $55,900 per bed. They […]

Lancaster Pollard Shows Off Its Variety

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 Closes Bridge Loan Trifecta

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 […]

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 […]

Alliance Moving Forward at Massachusetts SNF

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. […]

Lancaster Pollard Hits the Mark With Life Insurance Financing

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 […]

Lancaster Pollard Provides Bridge Loan to Midwest Operator Medicalodges

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 […]