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 2016, 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: