Lancaster Pollard Arranges $20.7M Refinancing for 400-Bed Skilled Nursing Portfolio in Texas

JACKSONVILLE, LONGVIEW, GRANBURY and WOODVILLE, Texas — Lancaster Pollard Mortgage Company has arranged $20.7 million in HUD financing for a skilled nursing portfolio located throughout East Texas.

The borrower is Summit Healthcare REIT. The 400-bed portfolio includes Twin Oaks Health & Rehabilitation in Jacksonville, Pine Tree Lodge Nursing Center in Longview, Granbury Care Center in Granbury and Dogwood Trails Manor in Woodville.

Since 2013, Lancaster Pollard has worked with Summit on 17 completed deals, totaling $120 million. Jason Dopoulos led the transactions for Lancaster Pollard.