Lancaster Pollard Closes $34.7M Loan to Refinance, Expand Community in Colorado

BRUSH, Colo. — Lancaster Pollard has closed $34.7 million in financing for the refinancing and expansion of Eben Ezer Lutheran Care Center in Brush, approximately 90 miles northeast of Denver.

In addition to refinancing existing debt with long-term, fixed-rate financing, the loan will allow for construction of 46 units of memory care in three buildings, a 54-unit assisted living building and new physical therapy area. The expansion will also include a new kitchen, laundry and central receiving facilities, as well as the demolition of several existing structures.

Rob McAdams led the transaction for Lancaster Pollard.

More News