Lancaster Pollard Arranges $6.7M Refinancing of Community in Oklahoma

by Jeff Shaw

BARTLESVILLE, Okla. — Lancaster Pollard has arranged a $6.7 million refinancing for Green Country Village, a seniors housing community in Bartlesville.

Green Country Village is a nonprofit community that was opened in 1990 by three local churches. It is managed by Life Care Services and comprises 97 units of independent living, 30 units of assisted living and 28 memory care beds.

Lancaster Pollard privately placed a $6.7 million tax-exempt note with a regional bank. The final fixed interest rate was below 3.75 percent and generated more than $70,000 a year in annual savings. Because the final negotiated terms included no cash escrows, approximately $250,000 was released at closing to Green Country Village.

Bill Wilson led the transaction for Lancaster Pollard.

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