DELAWARE and OREGON — Lancaster Pollard has arranged $55.1 million in FHA Section 232/223(f) loans to refinance four Summit Healthcare REIT properties in Delaware and Oregon. The program provides for the acquisition and refinancing of healthcare properties including licensed skilled nursing facilities, assisted living, intermediate care facilities, board and care, and combinations thereof.
Finance
Diocesan Housing Services Corp. to Refinance, Rehabilitate 205-Unit Affordable Community in New Jersey
by Jeff Shaw
CAPE MAY, N.J. — The Diocesan Housing Services Corp. of the Diocese of Camden Inc. (DHSC), MDG Design + Construction LLC, and Hudson Valley Property Group (HVPG) have announced a refinancing an renovation project at Victorian Towers, an affordable seniors housing community in Cape May, located at the southern tip of coastal New Jersey.
GREENWICH, Conn. — The Richman Group Affordable Housing Corp. has raised $165 million in equity for U.S.A. Institutional Tax Credit Fund CXI L.P. The fund will provide equity financing for the acquisition, rehabilitation and new construction of affordable housing properties for seniors and families.