Lancaster Pollard Arranges $7M Refinancing for 200-Unit Assisted Living Facility on Long Island

by Jeff Shaw

LAKE RONKONKOMA, N.Y. — Lancaster Pollard has arranged the $7 million HUD refinancing of The Lake Shore Assisted Living Home, a 200-unit assisted living facility in the Long Island town of Lake Ronkonkoma.

The nonrecourse, fixed-rate loan features a 30-year term and replaces a variable-rate, full recourse loan.

Ken Gould led the transaction for Lancaster Pollard. 

You may also like