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NOBLESVILLE, Ind. — Lancaster Pollard has arranged a $19.9 million HUD loan to fund the construction of Heritage Woods of Noblesville, a 124-unit affordable assisted living facility in Noblesville, a suburb of Indianapolis.
The borrowers are Gardant Management Solutions and Horve Builders. The loan features a fixed interest rate and 40-year term.
Brett Murphy led the transaction for Lancaster Pollard.