Lancaster Pollard Arranges $19.9M Construction Financing for Affordable Community in Indiana

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.