BRYN MAWR, Pa. — Lancaster Pollard has closed an $8.4 million loan to refinance debt on Bryn Mawr Terrace, a seniors housing community in the Philadelphia suburb of Bryn Mawr.
Finance
Cushman & Wakefield Arranges $23.3M Construction Financing for LCB Senior Living Community in Connecticut
by Jeff Shaw
STAMFORD, Conn. — Cushman & Wakefield has arranged $23.3 million in financing for a joint venture between LCB Senior Living and Virtus Real Estate Capital, which will use the loan to build The Residence at Stony Ford, a 104-unit independent living, assisted living and memory care community.
Ziegler Arranges $22M in Bonds for Ohio Presbyterian Retirement Services, Now Known as Ohio Living
by Jeff Shaw
COLUMBUS, Ohio — Ziegler, a specialty investment bank, has arranged $22 million in tax-exempt, fixed-rate bonds for Ohio Presbyterian Retirement Services, a nonprofit operator of 12 seniors housing communities in Ohio. Concurrent with the financing, the borrower changed its name to Ohio Living.
LUBBOCK, Texas, HUNTSVILLE, Ala., and ROME, Ga. — Walker & Dunlop Inc. has arranged a total of $46.9 million in loans for Crown Point Health Suites in Lubbock, Regency Retirement Village in Huntsville and Regency Riverwood Senior Living in the Atlanta suburb of Rome.