Lancaster Pollard Brokers Refinancing, Renovation Loan for Community in Missouri

by Jeff Shaw

HIGGINSVILLE, MO. — Lancaster Pollard has arranged funding for a refinance and renovation of John Knox Village East in Higginsville, which is 50 miles east of Kansas City. John Knox Village East is a senior living facility that features both intermediate care and skilled nursing beds and is managed by Life Care Services.

The renovation will increase the number of skilled nursing beds, adding 16 private beds in a new wing.

Lancaster Pollard worked with local banks to provide construction financing for the renovation and also obtained permanent financing via a $7.1 million loan insured by the USDA Community Facilities program.

Mike Ashley led the transaction for Lancaster Pollard.

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