Lancaster Pollard Provides $14.8M HUD Financing for Skilled Nursing Facility in Illinois

AURORA, Ill. — Lancaster Pollard has provided $14.8 million in HUD financing for the development of a Thrive skilled nursing facility in Aurora, approximately 38 miles west of downtown Chicago.

The 68-bed facility will focus on post-acute care. The borrower is Innovative Health and its Chicago-based parent company, which has three communities under construction.

Brett Murphy of Lancaster Pollard arranged the long-term, non-recourse financing.