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NISKAYUNA, N.Y. — Lancaster Pollard has closed the $9.2 million refinancing of Ingersoll Place Assisted Living, a 57-unit nonprofit community in the Albany suburb of Niskayuna.
The financing paid off a tax-exempt bond obligation and terminated an interest rate swap liability.
The new FHA-insured loan generated more than $100,000 in annual cash flow savings for the assisted living provider. Tom Grywalski led the transaction for Lancaster Pollard.