$17.3M Refi for New Jersey SNF; $180M Redevelopment Includes 102 Skilled Units

Lancaster Pollard provided a $17.3 million loan insured by the Department of Housing and Urban Development to refinance Willow Springs, a skilled nursing facility in Brick, N.J. Tryko Partners was the borrower, having purchased the community from NuVision Management in 2013, REBusinessOnline reported. The facility had 148 skilled nursing beds and an assisted living (AL) […]

In the Pipeline: Erickson, Lifespace Plot Big Community Redevelopments

Construction: Planned Lifespace Communities Location Near Chicago to Beef Up Skilled Nursing Wing Oak Trace, a Lifespace community in Downers Grove, Ill., has announced plans for a $150 million redevelopment and expansion project, according to a press release. The first phase of the redevelopment will include a new health center with 102 skilled nursing suites, 66 […]