Lancaster Pollard Provides $9.2M Refinancing for Assisted Living Community in New York

by Jeff Shaw

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.

You may also like