Nonprofits: The Art of Negotiating a Sale

Divestitures, mergers and acquisitions-the words evoke an image of Wall Street and corporate wheeling and dealing, which seems like a far cry from the world of nonprofit senior living. There are many reasons that a nonprofit makes the decision to sell (divest) a senior-living facility. Often, there are private companies or larger nonprofits eager to […]

Lancaster Pollard Lines Up $8 Million in FHA Financing for Nursing Facilities

Lancaster Pollard recently lined up $8 million of financing through the Federal Housing Administration for two nursing facilities. Based in Sioux City, Iowa, Touchstone Living Center refinanced debt that was carried by a major bank. Using the Department of Housing and Urban Development’s Section 232/223(f) program, Lancaster and Pollard’s Quintin Harris arranged $3.8 million in […]

Lancaster Pollard HUD Healthcare Lending Up 74% in 2011

Lancaster Pollard announced it closed a record number of loans under the Department of Housing and Urban Development’s healthcare programs in fiscal year 2011. The loans totaled over $400 million, up 74% from last year according to data from the agency. “In a time when conventional financing has continued to be difficult to obtain, the […]