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HUD Lean Program Ends Year with $2.8 Billion in Loan Production; Lancaster Pollard Responsible for 21% of Total Activity
The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2016. Over the course of the fiscal year, the program closed $2.84 billion of loan volume, an increase of 5% as compared to 2015. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 60 and $554.4 million respectively.
Enquire Solutions, Denver-based provider of cloud CRM and sales call center solutions for senior living communities, today announced that Stellar Senior Living, a family-owned operator of senior living communities, chose EnquireLEADS® as their new CRM system. Stellar Senior Living selected Enquire Solutions largely due to its sophisticated data analytics, customizable interface, robust reporting capabilities, and industry specific functionality.
Commonwealth Assisted Living announces that is has completed its acquisition of Danville, Va.-based Stratford House. CAL will be investing $3.5 million to fully update the community and add its award-winning memory care program.
Carlton Senior Living LLC, the Concord, Calif.-based owner and operator of 11 existing Northern California senior living communities, has agreed to buy a 3.68 acre site in Sonoma County, just north of Santa Rosa, for a new senior living complex.
HHHunt Senior Living has promoted Greg Fox as the company’s director of operations and hired Alicia Archer and Linsday Levesque as executive directors of its communities in Richmond (Virginia) and Severna Park (Maryland), respectively.