Lancaster Pollard recently helped longtime client Methodist ElderCare Services refinance the existing HUD-insured loan on the skilled-nursing and assisted-living portions of Wesley Glen, a continuing-care retirement community in Columbus, Ohio.
The refinancing loan was for $13.1 million.
The Wesley Glen campus consists of 369 units, including 165 independent-living units, 104 assisted-living, 21 memory-care and 69 skilled-nursing beds.
Lancaster Pollard helped the firm obtain a low interest rate, meaning that Methodist ElderCare will save about $1.5 million over the life of the loan.
Kass Matt, senior vice president and regional manager with Lancaster Pollard, led the transaction.
