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Love Funding Closes $14.3 Million Loan to Rehabilitate Senior Apartment Community in Sparkill, New York

August 26, 2015

Thorpe-VillageLove Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $14.3 million loan to rehabilitate Thorpe Village, a senior apartment community in Sparkill, New York.

Thorpe Village consists of 200 age-restricted units, of which 198 are covered by a Section 8 contract. Originally built in 1981, the property is owned and managed by a non-profit corporation run by the Dominican Sisters of Sparkill. The rehabilitation will include replacing windows, improving insulation, and installing new kitchen flooring, cabinetry, appliances, and energy-efficient boilers and water heaters.

Continued…

HRACRE Rockin’ on the River

August 26, 2015

We will be sponsoring the Hampton Roads Association for Commercial Real Estate’s Annual Rockin’ on the River event. Look for our Norfolk-based Director Ann Bolen at the event on September 24 to discuss your financing needs.

NCHMA Annual Meeting

August 19, 2015

Director David Opalek will be attending the National Council of Housing Market Analysts Annual Meeting September 9-10, 2015 in Columbus, OH.

Love Funding Closes $6.25 Million in Financing to Help Preserve Moderate Income Housing Communities in Denver

August 18, 2015

1520-S-Albion-ApartmentsLove Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of four loans totaling $6.25 million to help refinance the debt on a group of market-rate apartment communities in Denver.

The refinanced properties are The Nobles Apartments on South Albion Street (24 units), 4101 E. Iowa Apartments (12 units), 1520 S. Albion Apartments (23 units), and 156 W. Ellsworth Apartments (12 units). All four properties are managed by Johnson Properties Management Company and share members of the same ownership group. Continued…

NIC National Conference

August 15, 2015

Regional Director Bruce Gerhart and Senior Director Leonard Lucas will be sponsoring the 2015 NIC National Conference September 30-October 2, 2015 at the National Harbor in Maryland. Contact us today to schedule a meeting in our hospitality suite or for more information about how we can best serve your facility’s financing needs.

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Calendar

CREJ Land & Development Conference

Look for Denver-based Senior Director Peter Wessel at the Colorado Real Estate Journal’s 2015 Land and Development Conference. The conference will be held September 1 in Denver, CO.

NIC National Conference

Regional Director Bruce Gerhart and Senior Director Leonard Lucas will be sponsoring the 2015 NIC National Conference September 30-October 2, 2015 at the National Harbor in Maryland. Contact us today to schedule a meeting in our hospitality suite or for more information about how we can best serve your facility’s financing needs.

NCHMA Annual Meeting

Director David Opalek will be attending the National Council of Housing Market Analysts Annual Meeting September 9-10, 2015 in Columbus, OH.

HRACRE Rockin’ on the River

We will be sponsoring the Hampton Roads Association for Commercial Real Estate’s Annual Rockin’ on the River event. Look for our Norfolk-based Director Ann Bolen at the event on September 24 to discuss your financing needs.

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