New Construction or Substantial Renovation

New Construction and Substantial Rehabilitation Financing for Senior Living Providers

Lancaster Pollard has experience financing new construction and substantial rehabilitation or renovation projects with a variety of funding structures, including taxable and tax-exempt bonds, private placements, commercial credit enhancements and loans from government agencies and government-sponsored enterprises, including the FHA/HUD Sec. 232 LEAN program, USDA guaranteed loan programs and Fannie Mae Senior Housing Program. In fact, Lancaster Pollard was the number one FHA LEAN Lender from FY 2010 to FY 2017, according to HUD data. And because we have access to the full range of and flexibility to multi-track financing options, we can change financing structures to take advantage of lower interest rates and/or more favorable covenants and terms.

Additionally, Propero® Seniors Housing Equity Fund is a private equity fund established by Lancaster Pollard to invest in seniors housing properties including independent living, assisted living, memory care and skilled nursing. The fund seeks to be the sole owner of each property and utilize a triple-net lease structure. We use the fund to partner with best-in-class operators of any scale to finance the new development of these property types.

Additional information about Lancaster Pollard's platform of services:

Type of Borrower Objective Financing Options
For-Profit or Nonprofit Borrower New Construction or Substantial Rehabilitation Rated and Non-Rated Enhanced, Taxable and Tax-Exempt Bonds
For-Profit or Nonprofit Borrower New Construction or Substantial Rehabilitation HUD/FHA Section 232 LEAN Term Sheet
For-Profit Borrower New Construction Propero® Seniors Housing Equity Fund
For-Profit or Nonprofit Borrower Substantial Rehabilitation for Seniors Housing Fannie Mae Term Sheet
For-Profit or Nonprofit Borrower Substantial Rehabilitation to Facilities with an Existing HUD/FHA Mortgage HUD/FHA 241 Term Sheet
Rural Nonprofit Borrower New Construction or Substantial Rehabilitation USDA Community Facilities Term Sheet
Rural For-Profit or Nonprofit Borrower New Construction or Substantial Rehabilitation USDA Business and Industry Term Sheet
About USDA Business & Industry Program