WOODBURN, Ore. — Lancaster Pollard has arranged an $8.8 million HUD refinancing for Heartwood Memory Care Community in Woodburn.
The 48-bed community offers exclusively memory care services.
The owner sought long-term financing after a successful opening in 2014. The new FHA-insured structure allowed the borrower to refinance senior and mezzanine construction financing into a non-recourse, 35-year, fixed-rate loan.
Matt Lindsay and Casey Moore led the transaction for Lancaster Pollard.