The community is owned by Woodset Partners, LLC and operated by Integral Senior Living. Cedar Creek Senior Living is located at the foot of the majestic Sierra Nevada Mountains near Yosemite National Park, offering residents a choice of Independent Living, Assisted Living or Memory Care Support within one community. They are the winner of the Alfa’s Best of the Best Award in 2010 and have been operating the community since 2005. The loan is expected to be refinanced by Cedar Creek’s FHA Lender, Lancaster Pollard, within 24 months.
"Once we spoke to NCA, we knew that we could rely on them to deliver, and that's exactly what they did,” says Jon Basila, Managing Member of Woodset Partners. “They closed our loan in just 21 days, at the right loan amount and LTV; that's what I call effective business.
Ralph Miller, Managing Partner for National Capital Advisors, LLC said, “This $11MM refinancing is an example of how NCA helps clients move beyond business challenges toward solid financial opportunities. We helped the team at Cedar Creek stay focused on what they do best, provide quality care to their residents.”
National Capital Advisors, LLC (NCA) provides senior and subordinate debt financing to the health care industry, including Long Term Care Facilities, Surgery Centers and Medical Office Buildings. NCA’s debt financing starts at $3MM and will leverage up to an 85% LTV. NCA products can be used for acquisitions, cash out refinance, bridge to HUD loans, and restructuring. NCA is known for its collaborative and individualized approach to realizing business opportunities while providing shorter turnaround times. For more information, visit www.nationalcapitaladvisors.com.
About Lancaster Pollard
Headquartered in Columbus, Ohio, Lancaster Pollard is one of the leading Senior Care lenders in the United States. Lancaster Pollard helps health care, senior living and housing organizations expand and improve their services by providing financial advice and financing solutions. The firm operates with five regional banking offices in Atlanta, Austin, Kansas City, Los Angeles and Philadelphia. For more information about Lancaster Pollard, go to www.lancasterpollard.com
Integral Senior Living headquartered in Carlsbad, CA, manages a progressive selection of senior residences to meet the growing needs of today’s aging population. It currently manages 52 CCRC’s, independent, assisted living and memory care properties throughout California, Arizona, Utah, Idaho, Texas, Montana, New Mexico, Nevada, Oregon, and Washington. ISL is founded on a care philosophy that fosters dignity and respect for residents and promotes their independence and individuality. The dedicated staff at each community is trained to maintain the highest standards of senior care services. For more information about ISL, go to www.islllc.com.