OSCEOLA, Wis. — Lancaster Pollard has arranged a $7.1 million refinancing for Christian Community Homes in Osceola, located just across the state border from Minneapolis.
Christian Community Homes and Services operates the property, along with another seniors housing community in nearby Hudson. Lancaster Pollard refinanced debt on the Hudson campus in 2014.
The new HUD loan reduces annual debt service payments by $96,000 while funding $120,000 in replacement reserves.
Brad Competty led the transaction for Lancaster Pollard.