COLUMBUS, Ohio--(BUSINESS WIRE)--Lancaster Pollard, a financial services firm providing capital funding and financial advisory services to the senior living, health care and affordable housing sectors, has hired Craig S. Jones, a national expert in senior housing finance, to join the firm’s senior leadership team and support the company’s continued growth, according to Chief Executive Officer Thomas R. Green. This announcement caps off a record month for the firm in April.
“As part of our successful strategy, Lancaster Pollard will provide additional product offerings to our existing clients and new clients,” Green said. “Mr. Jones will lead our firm’s efforts in evaluating and executing these new ventures and through his senior leadership position will play an integral role in increasing our business in senior living and long term care sectors. We anticipate that these new initiatives will augment our traditional business and enhance our relationships with the firm’s clients.”
Jones has over 30 years of experience in the senior housing and healthcare finance industry. “He has an excellent reputation and enviable relationships within the senior housing industry,” Green said. “He has a proven track record in growing businesses and we are thrilled he is joining our team.”
Jones initiated and grew the senior housing mortgage finance business to an industry leading position at Red Capital Group. Prior to his tenure at Red Capital, he spent nearly 20 years at various top tier investment banks, managing healthcare financing groups and developing innovative products for the healthcare, senior housing and long-term care sectors.
Jones said, “Lancaster Pollard & Company is a fast growing, entrepreneurial organization in the sweet spot of the senior housing finance sector. It’s very exciting to work together with a firm willing to make large, thoughtful commitments to the business. I have been very impressed by the firm’s successes and the high standards of character in its leadership.”
Firm Has Record Month
Additionally, Lancaster Pollard had a record month in April with 25 closed transactions totaling $166.2 million. In business since 1988, the month was the firm’s most prolific to date. Out of the 25 deals closed, 23 were for seniors housing and care providers and two were in the affordable housing sector. The firm closed deals in 11 states: eight deals in Ohio, four in Mississippi, four in Alabama, two in Virginia, and one each in Illinois, Kansas, Kentucky, North Carolina, North Dakota, Pennsylvania and Oklahoma.
“April has been a fairly remarkable month for the firm with transactions closing on a near continuous basis,” said President and Founder T. Brian Pollard. “All closings, regardless of size, require considerable effort and coordination between our respective team members. Although April is notable from the sheer volume of activity, it only reminds me how important all of our work is in delivering such favorable outcomes for our clients throughout the year.”
Lancaster Pollard utilized an array of financing vehicles to execute the month’s transactions including HUD/FHA financing, the Fannie Mae Affordable Housing Program, the USDA Section 538 Program and privately placed bonds. Among the types of facilities financed were 17 skilled nursing facilities, three assisted living facilities, a continuing care retirement community, two affordable housing communities and two affordable seniors housing properties.
Lancaster Pollard’s home office is located at 65 East State St. in Columbus, Ohio. For more information, visit www.lancasterpollard.com.
About Lancaster Pollard
Lancaster Pollard helps health-care, senior-living and affordable-housing 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 named to the prestigious Inc. 5000 list of fastest growing U.S. companies in 2011.
Headquartered in Columbus, Ohio, Lancaster Pollard consists of three affiliated companies and has regional offices in Atlanta, Austin, Kansas City, Los Angeles and Philadelphia. 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, a 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.