News

12/7/2017

Lancaster Pollard Spotlight

To supplement The Capital Issue, we would like to introduce a new quarterly newsletter called Lancaster Pollard Spotlight, which will present stories about our philanthropic, social and community events outside of our regular business activities. We hope you enjoy reading about our recent endeavors. 

11/21/2017

Lancaster Pollard CEO Nick Gesue Featured on Conquering Columbus

Conquering Columbus, a brand and podcast connecting people in Columbus Ohio recently interviewed Lancaster Pollard CEO Nick Gesue about his 17 year path from intern to CEO. Nick discusses his childhood, path to Lancaster Pollard, and how his passion for learning and self-improvement helped drive his early success. The discussion concludes with ORIX’s recent acquisition of Lancaster Pollard and Nick’s new responsibilities within the organization.


10/18/2017

Lancaster Pollard Remains Leader in Seniors Housing Lending Activity

The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2017. Over the course of the fiscal year, the program closed $3.4 billion of loan volume, an increase of 20% as compared to 2016. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 79 and $769.3 million respectively. 

9/13/2017

ORIX USA Acquires Lancaster Pollard

ORIX USA (ORIX), a division of leading international financial services group ORIX Corporation, announced today the acquisition of Lancaster Pollard Holdings, LLC (“Lancaster Pollard”). Based in Columbus, Ohio, Lancaster Pollard is a provider of integrated investment banking, mortgage banking, balance sheet lending and private equity services focused on the full continuum of senior living and healthcare clients. Lancaster Pollard is also a leading FHA/HUD Lean senior living lender. After signing a definitive agreement to acquire Lancaster Pollard on June 9, 2017, ORIX completed the transaction on Sept. 12, 2017. 

3/27/2017

Lancaster Pollard Assists Tri-City Healthcare District with $85.8 Million Financing

Lancaster Pollard has announced it assisted Tri-City Healthcare District to complete a 25-year, $85.8 million mortgage financing insured by the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Sec. 242/223(f) program.

1/12/2017

Lancaster Pollard Assists on Sale of CountrySide Lakes to Shepherd Health

Lancaster Pollard advised a private ownership group on the sale of its 146-unit seniors housing community in Port Orange, FL. CountrySide Lakes was sold for $30.5 million to Shepherd Health, a Miami-based real estate development company and senior housing operator.

1/5/2017

Lancaster Pollard’s Housing Group Expands Presence in Mid-Atlantic and Northeast

Lancaster Pollard’s housing group has announced that Adam Diehl will expand his territory in the mid-Atlantic and Northeast regions to cover a total of nine states. Diehl was promoted to vice president in early 2016 to provide investment and mortgage banking finance services to clients in Maryland, Virginia and Washington, D.C. Beginning in January of 2017, he will also be responsible for clients in Massachusetts, Maine, New Hampshire, Rhode Island, Vermont and West Virginia.

12/14/2016

Lancaster Pollard Opens Office in Montana

Lancaster Pollard recently opened an office in Bozeman, Montana, to be led by Matt Lindsay, senior vice president with the firm. Lancaster Pollard is a financial services firm that helps health care, senior living and housing providers expand and improve their services by providing financial advice and financing solutions.

10/25/2016

Deals Using New HUD Debt Eligibility Guidance Close

In May of this year, the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) released an update to its Sec. 232 Handbook that included important changes on eligible indebtedness; specifically, an elimination of the two-year seasoning rule in certain instances. Under the changes, certain high quality, stable cash-flowing projects that previously were subject to debt seasoning for two years were now immediately eligible to seek HUD financing. Lancaster Pollard recently put the new HUD debt eligibility guidance to use as it announced the successful closings of 10 separate transactions for three different clients.

10/17/2016

HUD Lean Program Ends Year with $2.8 Billion in Loan Production

The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2016. Over the course of the fiscal year, the program closed $2.84 billion of loan volume, an increase of 5% as compared to 2015. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 60 and $554.4 million respectively.