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Bruce P. Gerhart



Regional Director
 | Cleveland

Bruce Gerhart

Mr. Gerhart opened Love Funding’s Cleveland office in 2001 as a commercial loan originator. In 2007 he was promoted to regional director. In this capacity he oversees and originates multifamily, affordable and healthcare loans as well as the overall business development and support for Love Funding’s operations in the upper Midwest. He has over 35 years of experience in the real estate and banking industry.

Mr. Gerhart is charged with building upon the firm’s success in the Midwest, thus far achieved through a commitment to creative solutions, excellent service and a comprehensive understanding of the upper Midwest markets. In his current position, Mr. Gerhart focuses on maintaining existing relationships, expanding coverage of other segments of real estate finance and offering additional products to enable more tailored financing solutions for the firm’s clients. Some of those additional products have included Low Income Housing Tax Credits, Historic Credits, state and local funding and numerous tax abatements and subsidies.

Prior to joining Love Funding, Mr. Gerhart served as Midwest regional director of Capital Markets Finance for GE Capital Real Estate in Chicago and as senior vice president for Provident Bank in Cleveland, Ohio.  Earlier in his career, Mr. Gerhart served the city of Joliet, Illinois, in economic and community development. He later worked in affordable housing development for Burnham Development of Chicago and served as president of Burnham Securities.

Testimonials

“The various staff assigned to our portfolio by Love Funding were a pleasure to work with and displayed professionalism and competency at every level. I also want to thank our equity partner, Great Lakes Capital Fund, for their referral to Love. It has been a win-win transaction for everyone involved.” – Chief Financial Officer Bob Mosser, Keller Development

“I have been in the senior housing business for my entire adult life, which is now in excess of 30 years. During this time, we have put together 28 independent/assisted living projects and to accomplish this, we obviously have had to deal with many lenders. Bruce Gerhart stands out as one of the most informed, attentive, understanding and helpful representatives we have ever had. It has been a pleasure for me to have gotten to know him. He has made the business aspect go smoothly, and I have a great deal of faith in him. Something as complicated as a HUD Section 232 loan application, by its very nature, requires in depth assistance and direction from its lender’s agent. For this, we are eternally grateful.” – Bob Gillette, Founder and Chairman of American House Senior Living Communities

“Love Funding’s experienced and knowledgeable staff has been an incredible asset as we have refinanced a number of our developments over the past 10 years. They have been instrumental in helping us secure long-term, fixed-rate financing on a substantial portion of our real estate portfolio.” – Melissa Satterfield, Development Coordinator of Reenders, Inc.

Sample List of Closings

Project Name State Loan Amount Loan Type Financing
Countryside Retirement Community Michigan $15,833,300 Multifamily 223(f)
Eden Heights of Eden New York $4,900,000 Healthcare 232/223(f)
Linden Lane Apartments Michigan $2,824,000 Affordable 223(f)
Harvard Oaks Townhomes Michigan $6,388,700 Multifamily 223(f)
Appledorn Living Center III Michigan $3,925,100 Healthcare 241(a)
Railside Living Center Michigan $5,418,100 Healthcare 232/223(f)
Grandhaven Living Center Michigan $6,981,100 Healthcare 232/223(f)
Pinewood Place & Pinewood Apartments Michigan $2,700,000 Affordable 223(f)
Briarwood Apartments Michigan $4,028,700 Multifamily 223(f)
Mallard Pond Apartments II Michigan $3,496,400 Multifamily 221(d)(4)
Cambrian of Tecumseh Michigan $4,986,000 Healthcare 232/223(f)
American House - Hazel Park Michigan $11,502,300 Affordable 221(d)(4)
American House - Oakland Michigan $14,467,200 Affordable 221(d)(4)
Sterling Lake Apartments Michigan $7,327,000 Multifamily 223(f)
Dogwood Forest of Dunwoody Georgia $7,958,400 Healthcare 232/223(f)
American House - Lakeside I Michigan $8,332,600 Affordable 221(d)(4)
American House - Lakeside II Michigan $7,575,500 Affordable 221(d)(4)
Tamera Gardens II Indiana $2,694,900 Multifamily 223(f)
Crestline Villa New York $193,000 Affordable M2M
Washington Woods Michigan $457,000 Affordable 202/223(f)
Veterans Villa Ohio $1,139,400 Affordable 202/223(f)
North Washington Park Manor Illinois $3,160,700 Affordable 202/223(f)
Spring Valley Apartments Michigan $1,174,500 Affordable 202/223(f)
Cedar Park Senior Housing Michigan $1,036,500 Affordable 202/223(f)
Westchester Village Michigan $5,918,400 Affordable 223(f)
Village at Arborwood Indiana $9,690,800 Multifamily 221(d)(4)
Capital Gardens Michigan $927,100 Affordable 202/223(f)
Villa Esperanza Apartments Michigan $1,403,600 Affordable 202/223(f)
Elmdale Apartments Michigan $704,800 Affordable 202/223(f)
Woodlawn Meadows Retirement Village Michigan $2,981,500 Healthcare 232/223(f)
Rolling Meadows Skilled Nursing Facility Pennsylvania $5,304,000 Healthcare 232/223(f)
Wildwood Apartment Homes Michigan $6,323,000 Affordable 221(d)(4)
Gran Signora Manor Apartments Ohio $1,626,800 Affordable 202/223(f)
Parkway Court II Apartments Illinois $3,520,000 Multifamily 223(f)
Rainbow East Luxury Apartments Illinois $3,440,000 Multifamily 223(f)
Hillview Townhouses Michigan $3,430,600 Affordable 223(f)
Appledorn Living Center Michigan $5,256,600 Healthcare 232/223(f)
Morton Manor Apartments Michigan $5,961,900 Affordable 202/223(f)
Edgewood Living Center Michigan $3,405,700 Healthcare 232/223(a)(7)
Hampton Court Ohio $276,000 Affordable M2M
Erie Square Ohio $1,230,000 Affordable M2M
Vistula Heritage II Ohio $1,824,000 Affordable M2M
Amherst Village Ohio $2,334,000 Affordable M2M
Independence Square Michigan $1,104,000 Affordable 202/223(f)
Cleveland Manor Michigan $2,365,400 Affordable 202/223(f)
White Oaks Assisted Living Facility Michigan $2,810,200 Healthcare 232/223(f)
Mill Creek Meadows Michigan $1,007,900 Affordable 223(f)
Pioneer Arbour Michigan $707,600 Affordable 202/223(f)
Edgewood Village Apartments Michigan $4,200,700 Affordable 223(f)
LSS Wisconsin Portfolio Wisconsin $4,827,600 Affordable 202/223(f)
Ukrainian Village Michigan $6,049,900 Affordable 202/223(f)
Evangelical Michigan $3,318,500 Affordable 202/223(f)
Tivoli Michigan $4,032,100 Affordable 202/223(f)
Ludington Woods Living Center Michigan $3,375,500 Healthcare 232/223(f)
Sheldon Meadows Michigan $5,333,400 Healthcare 232/223(f)
Seminole Shores Michigan $5,230,000 Healthcare 232/223(f)
Hilltop Village Ohio $433,000 Affordable M2M
Edgewood Michigan $3,561,500 Healthcare 232/223(f)
Bay Ridge Assisted Living Center Michigan $4,627,200 Healthcare 232/223(f)
Ludington Woods Living Center Michigan $3,375,500 Healthcare 232/223(a)(7)
Seminole Shores Living Center Michigan $4,915,700 Healthcare 232/223(a)(7)
Woodlawn Meadows Retirement Village Michigan $2,981,500 Healthcare 232/223(a)(7)
Appledorn Living Center Michigan $5,213,100 Healthcare 232/223(a)(7)
Hyde Park Assisted Living and Memory Care Facility Michigan $2,131,900 Healthcare 232/223(f)
Meadowview Nursing Center Pennsylvania $6,472,500 Healthcare 232/223(f)
Lakeside Towers Michigan $4,396,600 Affordable 221(d)(4)
Edgewood Village Apartments Michigan $5,616,000 Affordable 223(f)
Carisbrooke Apartments (Phase 4 & 5) Illinois $6,320,000 Multifamily 223(f)
Park Place of Harper Woods Michigan $5,843,000 Affordable 221(d)(4)
Sheldon Meadows Living Center Michigan $4,946,000 Healthcare 232/223(a)(7)
Railside Assisted Living Center Michigan $5,418,100 Healthcare 232/223(a)(7)
Capitol Commons Michigan $6,135,600 Multifamily 223(a)(7)
Hillside Club Apartments Michigan $1,950,000 Affordable 223(f)
Grandhaven Living Center Michigan $6,981,100 Healthcare 232/223(a)(7)
Wingover Apartments II-V Illinois $19,825,400 Multifamily 223(f)
Porthaven Manor Michigan $4,706,400 Multifamily 223(f)
Grange Acres Phase III & IV Michigan $5,354,900 Affordable 223(f)
Howell Branch Court Florida $3,605,500 Healthcare 232/223(f)
Lake View Court Florida $3,620,600 Healthcare 232/223(f)
Washington Square Court Florida $3,662,000 Healthcare 232/223(f)
Windemere Park Senior Community Michigan $25,918,600 Healthcare 232/223(f)
Appledorn III Michigan $3,925,100 Healthcare 232/223(a)(7)
Prairie Vista Luxury Apartments Illinois $24,789,300 Multifamily 223(f)
Brentwood Apartments Michigan $1,340,600 Multifamily 223(f)
North Park Retirement Community Ohio $5,536,000 Healthcare 232/223(f)
Carisbrooke Apartments - Phase I Illinois $5,827,900 Multifamily 223(f)
Carisbrooke Apartments - Phase I Illinois $2,542,000 Multifamily Bridge
Village of Redford Cottages Michigan $8,178,300 Affordable 221(d)(4)
Lake Pointe Apartments Phase I Illinois $5,600,000 Multifamily 223(f)
Cameron Crossing Apartments Indiana $721,500 Affordable 223(f)
Stephanie Villas Indiana $1,393,400 Affordable 223(f)
Tamera Gardens I Indiana $1,763,000 Affordable 223(f)
Tiffany Heights Apartments Indiana $2,172,700 Affordable 223(f)
Tree City Estates Indiana $1,153,900 Affordable 223(f)
Canton Place Michigan $7,300,000 Affordable 221(d)(4)
Encore Townhomes Michigan $12,851,600 Multifamily 221(d)(4)
River Run Indiana $3,045,700 Affordable M2M
Jerry Junction Indiana $1,969,500 Affordable 223(f)
Grace Haven Assisted Living Michigan $4,081,000 Healthcare 232/223(f)
Cedar Grove Senior Citizens Housing New Jersey $10,405,800 Affordable 223(f)
North Washington Park Manor Illinois $2,834,370 Multifamily Loan Mod
Grand Pines Assisted Living Center Michigan $11,575,000 Healthcare 232/223(f)
Village Manor Apartments Michigan $5,800,000 Affordable 221(d)(4)
Central Park Towers Illinois $6,746,100 Affordable 221(d)(4)
Fairgrounds Road Apartments Louisiana $1,948,800 Affordable 223(f)
Grange Acres Phase II Michigan $1,257,900 Affordable 223(f)
Westhaven Manor Michigan $9,126,600 Multifamily 223(f)
Village at Arborwood Apartments Indiana $9,061,501 Affordable Loan Mod
West 25th Street Lofts Ohio $15,259,700 Multifamily 221(d)(4)
Thorpe Village New York $14,270,200 Multifamily 221(d)(4)
Wildwood Apartment Homes Michigan $6,166,357 Affordable Loan Mod
Grange Acres Phase I Michigan $1,976,500 Affordable 223(f)
Paul Laurence Dunbar Senior Complex Florida $10,000,000 Affordable 221(d)(4)
River Run Apartments Indiana $4,900,000 Affordable 223(f) Pilot
Montclare Senior Residences Illinois $1,200,000 Healthcare Bridge
Montclare Senior Residences Illinois $12,300,000 Healthcare 232
Stanley Terrace Apartments Florida $5,291,800 Multifamily 221(d)(4)
Hillsdale Gardens Apartments Michigan $2,901,300 Affordable 223(a)(7)
The Paddock at Grandview Tennessee $19,707,600 Affordable 221(d)(4)
Dartmouth Square Apartments Michigan $2,269,100 Multifamily 223(f)
Grandhaven Living Center Michigan $4,617,000 Healthcare 241(a)
Hazelcrest Place Michigan $10,800,000 Affordable 223(f)
Garden Tower Michigan $7,540,100 Affordable 223(f)
Lakeview Apartments New York $4,582,000 Affordable 221(d)(4)
Linden Lane Michigan $2,620,953 Affordable Loan Mod
Oakman Townhomes Michigan $4,700,000 Affordable 221(d)(4)
Devonshire Retirement Village Michigan $4,596,300 Healthcare 232/223(f)
Cranbrook Senior Tower Michigan $17,341,100 Affordable 223(f)
Lakeview Apartments New York $2,600,000 Affordable Bridge
John P Renna House New Jersey $4,501,500 Affordable 223(f)
Wellington Place Phase II Illinois $8,640,191 Multifamily Loan Mod
Carisbrooke Apartments - Phase I Illinois $5,382,278 Multifamily Loan Mod