Skip to content

Love Funding Closes $6.16 Million Refinancing for Skilled Nursing Facility in Austintown, Ohio

October 17, 2014

Briarfield-Ashley-CircleLove Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $6.16 million loan refinancing for Briarfield at Ashley Circle, a 98-bed skilled nursing facility in Austintown, Ohio.

Senior Director Robert Smallwood of Love Funding’s Cleveland office secured a 35-year loan term, lowered the interest rate, and increased debt service savings for the property’s owners through the U.S. Department of Housing and Urban Development’s 232/223(f) program.

Briarfield at Ashley Circle was built in 1980 and is owned by Ed and Diane Reese. Mr. Reese is chief executive officer of EDM Management Inc., which manages the facility. Mrs. Reese is the company’s president. The couple manages four other projects in Ohio: The Inn at Ironwood, The Inn at Glenellen, The Inn at Christine Valley and Briarfield Manor Skilled Nursing Facility. The refinancing will enable the Reeses to utilize new local conventional debt for acquisitions and/or new construction financing.

For more information, contact Robert Smallwood at (216) 583-0791.

2014 Ohio Housing Conference

October 15, 2014

Ohio based Directors Brian Jones and David Opalek will be attending the Ohio Housing Conference November 4-6, 2014 in Columbus, OH. Stop by booth #103 to meet Brian and David and talk affordable housing finance with our experts.

MA Senior Care Association Spring Conference

October 15, 2014

Love Funding Senior Director Leonard A. Lucas will be exhibiting at the Massachusetts Senior Care Association Annual Conference & Trade Show November 13, 2014 at the DCU Center in Worcester, MA. Stop by our booth to discuss your healthcare financing needs with Len.

Love Funding Secures $5.19 Million in Loans for Low-Income Housing Apartment Communities in Tennessee and Kentucky

October 14, 2014

Royal ArmsLove Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of two loans totaling $5.19 million under a new federal program for refinancing affordable rental properties that are backed by low-income housing tax credits (LIHTCs).

The two properties involved are Todd Creek Apartments, a 150-unit community in Memphis, Tennessee, and Royal Arms Apartments, a 48-unit community in Elkton, Kentucky. Todd Creek is a Section 8 property that was built in 1974 and substantially renovated in 2012 using LIHTCs and a HOME Loan through the City of Memphis. Royal Arms is a Section 8 and LIHTC apartment project that was built in 1980 and will use the funds to undergo rehabilitation.
Continued…

Love Funding Secures Refinancing Loans Totaling $10.9 Million for Apartment Communities in Knoxville, Tennessee

October 14, 2014

Meadowood-ApartmentsLove Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the refinancing of Knoxville, Tennessee’s Meadowood Apartments and Sutters Mill Apartments, market-rate multifamily rental communities owned and managed by the same realty group.

Senior Director Tammy Tate of Love Funding’s Knoxville office secured a 35-year loan term, lowered the interest rate, and increased debt service savings for each project using the U.S. Department of Housing and Urban Development’s 223(a)(7) program.
Continued…

Page 1 of 9712345...102030...Last »

Calendar

NAHC Annual Meeting

Senior Director Hugh Jeffers will be speaking on a panel at the National Association of Housing Cooperatives’ 54th Annual Conference October 15-18 in St. Thomas, USVI. Hugh will be speaking during two educational sessions. The first on October 16 at 3:45 entitled, ‘Financial Tools for Cooperatives’ and the second, a panel on cooperative funding, will […]

VA Governor’s Housing Conference

Love Funding Senior Director Laura Saull-Smith and Director Ann Bolen will be exhibiting at the 2014 Virginia Governor’s Housing Conference October 29-31 in Norfolk, VA. Stop by our booth to discuss the many finning options available through FHA’s affordable housing finance programs with Laura and Ann.

OALA Fall Conference

Senior Director Robert L. Smallwood will be attending the Ohio Assisted Living Association’s Fall Conference November3-4 in Columbus, OH. Stop by our booth to discuss your assisted living facility’s financing needs with Bob.

2014 Ohio Housing Conference

Ohio based Directors Brian Jones and David Opalek will be attending the Ohio Housing Conference November 4-6, 2014 in Columbus, OH. Stop by booth #103 to meet Brian and David and talk affordable housing finance with our experts.

MA Senior Care Association Spring Conference

Love Funding Senior Director Leonard A. Lucas will be exhibiting at the Massachusetts Senior Care Association Annual Conference & Trade Show November 13, 2014 at the DCU Center in Worcester, MA. Stop by our booth to discuss your healthcare financing needs with Len.

Newsletter Sign-Up

Twitter