Lancaster Pollard Provides $9.5M FHA Refinancing for Memory Care Community in Phoenix

by Nellie Day

PHOENIX — Lancaster Pollard has provided a $9.5 million FHA loan for the refinancing of Sunshine Village, a 49-unit memory care community in Phoenix.

The cottage-style community consists of seven single-story buildings. It was constructed in 1999 and renovated in 2013.

The nonrecourse loan carries a 35-year term and fixed interest rate. The refinancing provides Sunshine Village with debt service savings as well as over $335,000 in funds for capital improvements.

Jason Dopoulos led the transaction for Lancaster Pollard.

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