COLUMBUS, Ohio--()--Lancaster Pollard has announced the hiring of David Lacki as managing director of the firm’s affordable housing group. Lacki will lead a national effort to expand the firm’s investment banking and mortgage banking finance activities for income restricted and subsidized rental properties. He previously served as a director in the Housing Capital Markets Group at RBC.
“We now have national coverage by our health care and senior living groups and are looking to accomplish the same in affordable housing”
Lancaster Pollard is an investment banking and mortgage banking firm that has focused on financing for health care, senior living and affordable housing since its inception in 1988. The firm has experienced rapid growth over the past decade, opening its sixth regional office in the Philadelphia area last year.
“We now have national coverage by our health care and senior living groups and are looking to accomplish the same in affordable housing,” said Brian Pollard, Senior Managing Director with the firm.
“Our firm’s growth has been largely through our efforts in health care and senior living finance but our affordable housing group, based out of our Columbus, Ohio home office, has been a consistent contributor to our deal flow. We believe the opportunity is excellent to expand this group on a national level similar to our health care and senior living efforts. Early emphasis will be on hiring additional housing bankers to be located in our Los Angeles, Austin, Atlanta, and Philadelphia Regional offices. The markets that will be served out of these offices represent population growth areas with considerable needs for affordable housing. Our ability to deliver bond underwriting and mortgage banking products, including FHA, FNMA, and USDA mortgage guarantee support, either together or independently, can provide efficient solutions for these property types where multiple funding sources are the norm.”
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 banking 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.