Lancaster Pollard Arranges Refinancing for Community Near Indianapolis

GREENWOOD, Ind. — Lancaster Pollard has provided a HUD loan of an undisclosed total to refinance Aspen Trace, a seniors housing community in the Indianapolis suburb of Greenwood.

CarDon & Associates owns the property, which features 67 assisted living units and 104 skilled nursing beds. An expansion completed in January nearly doubled the number of assisted living units.

The transaction refinanced all existing debt, including the funds used for the expansion.