LINCOLN, Neb. — Lancaster Pollard has arranged a $17.4 million loan for the construction of Pemberly Place, a 120-unit independent living, assisted living and memory care community in Lincoln.
The borrower is U.S. Property, which found the site in southeast Lincoln and received rezoning and approval by the County Planning Commission, according to a report by the Lincoln Journal-Star. That same report said the property will feature 40 independent living units, 60 assisted living units and 20 memory care units.
American National Bank, a regional bank based in Omaha, provided the funding. The financing includes a five-year term to cover the lease-up period for the community.
Bill Wilson led the transaction for Lancaster Pollard with assistance from Joe Munhall.