Lancaster Pollard Arranges $29.3M in Financing for Granite Investment Group Skilled Nursing Portfolio in Texas

by Jeff Shaw

TEMPLE, SAN ANGELO, WINDCREST and SAN ANTONIO, Texas — Lancaster Pollard has closed four separate transactions totaling $29.3 million for Granite Investment Group, a real estate investor based in Irvine, Calif.

The loans will refinance a portfolio of four skilled nursing facilities in Texas. The properties include Senior Care of Marlandwood West, a 104-bed skilled nursing facility in Temple; Senior Care of Regency House, a 120-bed skilled nursing facility in San Angelo; Senior Care of Windcrest, a 180-bed skilled nursing facility in Windcrest; and Senior Care of Wurzbach, a 140-unit skilled nursing facility in San Antonio.

The transactions utilized the FHA Section 232/223(f) program. Jason Dopoulos spearheaded the transactions for Lancaster Pollard.

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