Lancaster Pollard, an investment banking and mortgage banking firm headquartered in Columbus, Ohio, recently refinanced seven not-for-profit skilled nursing and skilled pediatric facilities in Indiana and Illinois owned by Hoosiers Care, Inc., based in Indiana, and managed by Exceptional Living Centers of Lexington, Ken.
The seven new loans total $39 million and resulted in millions of dollars in annual debt service savings. Additionally, the refinancing funded more than $1.5 million in replacement reserves and $141,000 in repairs and improvements across the portfolio.
Lancaster Pollard’s team was led by Steve Kennedy, senior vice president and regional manager, and Chris Blanda, vice president, based out of the firm’s headquarters in Columbus.
