Love Funding Highlights

Rise in Home Construction Suggests a Turnaround

Home construction has finally begun a gradual comeback and should add to the nation’s economic growth in 2011, a turning point in the recovery from the Great Recession… ”When you have a slowdown in home sales and a growth in population, there’s a lot of pent-up demand for apartments,” says Mark Dellonte, president of Love Funding. (via Bloomberg Businessweek)

FHA Hopes To Speed Up Tax Credit Deals Through Pilot Program

The Federal Housing Administration (FHA) will start a new pilot program in the spring charged with getting affordable housing deals done much more quickly. (via Multifamily Executive)

Get the 411 on Section 232

by Leonard A. Lucas. It has been a busy year for the U.S. Department of Housing and Urban Development’s (HUD) multifamily-insurance programs, and its Section No. 232 program is no exception. For commercial mortgage brokers working with senior-housing developers, Section 232 loans are likely to be at least as popular in 2012 as they have been this past year, thanks to HUD’s aggressive efforts to accelerate approvals.

Love Funding Arranges Record $737.2 Million of FHA Multifamily and Healthcare Loans in Fiscal 2011

Love Funding announced that it arranged a record volume of FHA loans during the federal government’s fiscal year ended in September, making it the agency’s third-ranked multifamily and healthcare lender. Love Funding originated and underwrote $737.2 million in multifamily and healthcare business that closed in fiscal 2011, totaling 67 transactions, according to data released by the U.S. Department of Housing and Urban Development.