News

An Immediate Success: Rivers Edge Apartments
12/8/2016

An Immediate Success: Rivers Edge Apartments

Located within a couple miles of historic Camden, South Carolina, Rivers Edge Apartments is an 80-unit rural family development that consists of 14 one- and two-story townhome buildings and a community center. The quaint residential neighborhood is just minutes away from ample shopping and dining as well as the National North Carolina Cup racetrack.

7/7/2016

Martin Kent Joins Lancaster Pollard as Chief Credit Officer

Lancaster Pollard has hired Martin Kent to serve as the firm’s new chief credit officer. Kent, most recently the director of multifamily credit/underwriting for Fannie Mae’s seniors housing programs, will provide credit oversight for all the firm’s banking activities. 

7/6/2016

Fannie Mae Expands Declining Prepayment Structure Program

Fannie Mae Multifamily has announced it is expanding its offering of competitively priced fixed-rate mortgage loans that carry the option of a declining prepayment structure for 12-, 15-, 18- and 30-year loan terms. Eligible properties include affordable housing and all conventional properties with between 5 to 50 units.

A Buyer’s Market: Fannie Mae Acquisition Loans
4/13/2015

A Buyer’s Market: Fannie Mae Acquisition Loans

For those receiving an abundance of real estate brokerage packages lately, one aspect is likely to stand out—the high prices sellers are asking for in today’s frothy acquisition market. Due to those high prices, as well as factors such as fewer closing contingencies, quicker closings and all-cash offers, now can be an ideal time to consider selling well-performing affordable apartment buildings.

Moderate Rehabilitation with Fannie Mae: An Opportune Financing Option
8/17/2014

Moderate Rehabilitation with Fannie Mae: An Opportune Financing Option

Like everything in life, we want choices. Affordable housing developers are no different—particularly, when it comes to finding a permanent financing solution to pair with low-income housing tax credits (LIHTCs).

9/8/2013

Funding the Future

The September/October issue of Senior Living Executive highlights, “Funding the Future.”  The article discusses how favorable investment metrics bring more capital sources to providers’ front doors and features Lancaster Pollard Senior Managing Director Brian Pollard as an industry expert.