Lancaster Pollard Provides $6M in Acquisition Financing for 127-Unit Community in Indiana

GREENCASTLE, Ind. — Putnam County Hospital has acquired a seniors housing community featuring 84 skilled nursing beds and 43 assisted living beds in Greencastle.

Putnam County Hospital is a 25-bed critical access hospital in Greencastle, and saw the acquisition as an expansion opportunity.

Lancaster Pollard provided $6 million in acquisition financing for the buyer. The borrower will seek immediate conversion to a fixed-rate HUD loan.

More News