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2011 April

Love Funding Closes $2.43 Million Refinancing for Heritage Court Apartments in Spartanburg, South Carolina

April 21, 2011

Love Funding, one of the nation’s leading providers of multifamily housing loans, announced the closing of a $2.43 million loan refinancing for Heritage Court Apartments, a 149-unit subsidized apartment complex for seniors and handicapped persons in Spartanburg, South Carolina.

William E. Jones Jr., first vice president and senior loan originator in Love Funding’s New York office, secured the loan through the U.S. Department of Housing and Urban Development’s 223(a)(7) loan program. By utilizing HUD financing, Jones enabled the property’s owner to move from a 6.35 percent interest rate to a 3.9 percent fixed rate with a 26-year term, improving their cash flow by more than $30,000 a year.
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Calendar

Eastern Lenders Association Conference

Love Funding is sponsoring the Eastern Lenders Association Conference held March 5 – 7 at the Marriott Marquis Hotel in New York. Don’t miss ELA President and Love Funding Senior Vice President Jonathan S. Camps‘ welcoming remarks on Tuesday morning.

Mass Senior Care 2012 Spring Conference

Love Funding Senior Director Leonard A. Lucas will attend the Mass Senior Care 2012 Spring Conference & Trade Show held on Thursday, March 22nd at the Holiday Inn in Boxborough Woods.

NIC Skilled Nursing Investment Forum

Love Funding Originators Leonard A. Lucas, Joshua Hausfeld and Laura Saull-Smith will attend the NIC Skilled Nursing Investment Forum held March 25 – 27 at the Boca Raton Resort in Boca Raton, Florida. Don’t miss the panel discussion with Len Lucas on Monday, “Connecting Quality Care to Key Financial Indicators.” Click here for more information.

HFMA Region 5 Dixie Institute

Join Love Funding Senior Director of Hospital Finance Steven Hunt at the annual Region V Dixie Institute in Greensboro, GA, held February 21-24, 2012 at the Ritz Carlton Lodge Lake Oconee.

Market Commentary

Q1 2012 Market Commentary
The December nonfarm payroll report showed an unexpected increase of 200,000 jobs and a drop in the unemployment rate to 8.5 percent, the lowest level since 2009. Normally, this kind of good economic news would push rates up as bondholders sold their positions. Yet, this was not how things worked out...
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