New Guide Compares Temporary and Evolving Options to Finance Delayed Nonprofit Senior Living Construction/Renovation Projects

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A new guide released this week by Lancaster Pollard helps nonprofit senior living providers compare construction and renovation financing methods so key projects can move forward even in uncertain capital markets.

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“Understanding all of the financing options available gives senior living providers better opportunities to keep up with new technologies and trends that can favorably impact quality of life and care for residents." - Brian Pollard

A new guide released this week by Lancaster Pollard helps nonprofit senior living providers compare construction and renovation financing methods so key projects can move forward even in uncertain capital markets.

A Johns Hopkins University Listening Post Project estimated that $166.7 billion in shovel-ready nonprofit infrastructure projects were put on hold by the credit crisis, and 47% of those were in elderly housing and service organizations.

“Financing Options for Nonprofit Senior Living Organizations” explains several strategies specific to nonprofit senior living, including temporary options created by Congressional action such as the America Recovery and Reinvestment Act. It compares eligibility, timing and basic costs of both federal and conventional debt financing such as tax-exempt bonds, private and public credit enhancement, and mortgage insurance. The guide also explains how a provider’s debt structure can impact its investment portfolio decisions and vice versa.

“Seniors housing and care providers can’t necessarily wait with growing demand for these services,” said Brian Pollard, senior managing director of Lancaster Pollard, an investment and mortgage banking firm that has specialized in health care finance for over 20 years. “When traditional funding methods become difficult to execute, other approaches must be considered. Understanding all of the options available gives providers better opportunities to keep up with new technologies and trends that can favorably impact quality of life and care for residents. Nonprofits have a particular advantage in their ability to issue tax-exempt bonds and capitalize on changes to the limits in bank-qualified bond issuances and a new credit enhancement option available through the Federal Home Loan Banks.”

“Financing Options for Nonprofit Senior Living Organizations” is available for free download at http://www.lancasterpollard.com/site.cfm/Helpful_Financing_Resources.cfm.

About Lancaster Pollard
Lancaster Pollard helps health care, senior living, affordable housing and private education organizations expand and improve their services by providing financing solutions. The firm offers a full range of investment banking, mortgage banking and investment advisory services and has one of the largest groups of financial professionals dedicated to health care in the country. As a leading underwriter of bonds and mortgages, Lancaster Pollard has earned a reputation for delivering sound financial advice and the most cost-effective financing options available in the market. The firm was awarded a Better Business Bureau Torch Award for Marketplace Ethics in 2010.
Headquartered in Columbus, Ohio, Lancaster Pollard consists of three affiliated companies and has regional offices in Atlanta, Austin, Denver, Kansas City, Los Angeles and New York. Lancaster Pollard & Co. underwrites debt securities and is a registered broker/dealer with the Securities and Exchange Commission (SEC) and a member in good standing of the Financial Industry Regulatory Authority (FINRA), Municipal Securities Rulemaking Board (MSRB) and Securities Investor Protection Corporation (SIPC). Lancaster Pollard Mortgage Company provides mortgage insurance to support capital funding initiatives through government agencies, including the Department of Housing and Urban Development/Federal Housing Administration (HUD/FHA), Government National Mortgage Association (GNMA), Fannie Mae, and U.S. Department of Agriculture (USDA) and is a U.S. Department of Housing and Urban Development Multifamily Accelerated Process (MAP) lender. Lancaster Pollard Investment Advisory Group, an SEC-registered investment advisor, helps nonprofit organizations create the financial means to last the life of their missions by managing total financial risk rather than just investment-associated risk.

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Elizabeth DeForest
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