Market Overview

ORIX USA and Lancaster Pollard Synergies Complement Brickmont Construction Financing Project


Less than a year after ORIX
Corporation USA
(ORIX USA) acquired Lancaster
, the two companies displayed the synergies of the
acquisition with the closing of a $16.7 million construction financing.
The transaction leveraged Lancaster Pollard's expertise in seniors and
health care housing and ORIX USA's expertise in municipal and
infrastructure financing to support the construction of Brickmont John's
Creek, a 120-unit assisted living (AL) and memory care (MC) facility in
John's Creek, Georgia, that will be owned and operated by Brickmont
Assisted Living.

This press release features multimedia. View the full release here:

Lancaster Pollard placed tax-exempt bonds with ORIX USA, its parent
company, to obtain construction financing for Brickmont John's Creek, in
accordance with Section 142(d) of the Internal Revenue Code.

"The collaboration between Lancaster Pollard and ORIX USA results in a
structure where ORIX USA provides benefits to borrowers by removing many
standard municipal market inefficiencies," said Conner
, vice president with Lancaster Pollard in Atlanta. "ORIX USA
was able to offer a draw-down bond structure that results in significant
savings during construction. Additionally, ORIX USA is flexible with
respect to prepayment options, allowing Brickmont the opportunity to
refinance into a permanent loan structure should it be deemed more

A business unit of ORIX USA, ORIX
Municipal and Infrastructure
has an investment portfolio that
includes transactions in a wide range of industries, including health
care, housing, education, energy and transportation. Rob
, managing director, and Ben
, director, led the transaction for ORIX USA. "ORIX USA
agreed in advance to purchase all the bonds at a fixed interest rate,
eliminating execution risk," Wetzler said. "Further, our program mirrors
a construction loan from a bank, providing an attractive non-recourse
outlet for highly qualified borrowers like Brickmont to pursue plans for

Founded in 2014, Brickmont Assisted Living has three other facilities
open or under construction and is led by David Vickers, who previously
had success founding and growing InTown Suites, an extended-stay hotel
chain. By serving as the developer, general contractor, part-owner and
manager of Brickmont, Vickers aims to build and operate facilities at a
reduced cost and pass those savings along to seniors in the form of
high-quality, affordable housing and care.

In September 2017, ORIX USA - the U.S. and Latin America business hub of
leading international financial services firm ORIX
(ORIX) - acquired Lancaster Pollard. ORIX USA provides
comprehensive capital solutions for multifamily, affordable, seniors and
health care real estate through its own business lines and those of its
wholly-owned subsidiaries, including Boston Financial Investment
Management, Lancaster Pollard and RED Capital Group.

ORIX Corporation USA (ORIX USA)

Since 1981, ORIX USA has provided innovative capital solutions that
clients need to propel their business to the next level. ORIX USA and
its subsidiaries—Boston Financial Investment Management, Lancaster
Pollard, Mariner Investment Group, RB Capital and RED Capital
Group—include a team of more than 900 employees spanning more than 30
offices across the U.S. and Brazil. ORIX USA and its family of companies
have $57 billion of assets under management, administration and
servicing (including $8.6 billion held by the company and its
subsidiaries). Its parent company, ORIX Corporation, is a publicly owned
international financial services company with operations in 38 countries
and regions worldwide. ORIX Corporation is listed on the Tokyo Stock
Exchange (8591) and New York Stock Exchange (IX). For more information
on ORIX USA, visit

Lancaster Pollard

Lancaster Pollard helps health care and senior living providers expand
and improve their services by providing a full range of investment
banking, mortgage banking, private equity, balance sheet financing and
M&A advisory services. Lancaster Pollard & Co., LLC, a registered
broker/dealer, underwrites taxable and tax-exempt bonds, and provides
debt placement and syndication, as well as M&A advisory services.
Lancaster Pollard Mortgage Company, LLC originates, underwrites and
services mortgage loans insured or guaranteed by governmental agencies.
Lancaster Pollard Finance Co., LLC provides balance sheet financing. The
Propero™ Seniors Housing Equity Funds provide equity financing for the
new development and acquisition of seniors housing and care properties.
Lancaster Pollard has provided over $20 billion in debt and equity
capital since its inception and its mortgage servicing portfolio exceeds
$8.6 billion. The firm's home office is in Columbus, Ohio, and it has
regional banking offices in Atlanta; Austin, Tex.; Chicago; Denver;
Kansas City, Kan.; Minneapolis; Newport Beach, Calif.; Philadelphia; and
San Francisco. Lancaster Pollard is a wholly-owned subsidiary of ORIX
Corporation USA. For more information, visit

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