WALNUT CREEK, Calif. — Lancaster Pollard Mortgage Co. has arranged $22.5 million in financing for the construction of Trellis Walnut Creek, a 59-bed skilled nursing facility in the Bay Area city of Walnut Creek.
The borrower is Plum Healthcare Group LLC. Founded in 1999 and headquartered in San Marcos, Plum currently operates 55 skilled nursing facilities in California and Nevada.
BMO Harris Bank’s Healthcare Real Estate Finance group acted as sole lender on the transaction.
Grant Goodman led the transaction for Lancaster Pollard, along with Joe Munhall who leads the firm’s debt syndications group. A local bank provided the funds.