JOHNS CREEK, Ga. — ORIX Corp. USA and Lancaster Pollard have arranged $16.7 million in financing for the construction of Brickmont Johns Creek, a 120-unit assisted living and memory care facility in Johns Creek, a northern suburb of Atlanta.
Lancaster Pollard placed tax-exempt bonds with ORIX USA, its parent company, to obtain the construction financing. The borrower is Brickmont Assisted Living.
Rob Wetzler and Ben Forrest led the transaction for ORIX USA, which agreed in advance to purchase all the bonds at a fixed interest rate. Conner Girdley led the Lancaster Pollard team.
Founded in 2014, Brickmont Assisted Living has three other facilities open or under construction. David Vickers, who previously had success founding and growing InTown Suites, an extended-stay hotel chain, leads the company. By serving as the developer, general contractor, part-owner and manager of Brickmont, Vickers aims to build and operate facilities at a reduced cost.