FOUNTAIN VALLEY, Calif. — Lancaster Pollard has provided $36 million in fixed-rate, HUD-insured financing for the construction of Park View Estates.
The 145-unit seniors housing community will be located in Fountain Valley, approximately 35 miles southeast of Los Angeles.
Welbrook Senior Living and Sunshine Retirement Living are developing the property, which is adjacent to Fountain Valley Regional Hospital. Once completed, the community will offer 106 assisted living units and 39 memory care units. The project is scheduled for completion in 2020.
Jason Dopoulos led the transaction for Lancaster Pollard.