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Leonard A. Lucas



Senior Director
 | Boston

Leonard Lucas

Mr. Lucas joined Love Funding in 1998 and is based in Boston, Massachusetts. As senior director, he has consistently been named a top producer for Love Funding. He originates healthcare and multifamily loans for Love Funding in its capacity as an FHA MAP and LEAN lender. He also advises borrowers in all sectors of the senior housing industry as to the type of financing vehicle best suited to meet the borrower’s immediate needs.

Mr. Lucas is a frequent speaker at the LTC 100 and the NIC Skilled Nursing Investment Forum, and he previously served on the executive board for the American Senior Housing Association. Mr. Lucas has won the Love Cup three times during his tenure at Love Funding, an honor awarded to the top producing originator each year. He also originated the largest loan in Love Funding’s history for Atrium Healthcare. Mr. Lucas is a member of the Massachusetts Bar and holds a J.D. from the New England School of Law and a Bachelor of Arts (economics) from Kenyon College.

Testimonials

“I have had the pleasure of working with Len Lucas and Love Funding for close to fifteen years. Our company has benefitted tremendously from the good service and attention paid to our loan portfolio. Whether it’s a new loan, a refinance or a loan modification, Len is is knowledgeable, efficient and effective. Our interest savings have been amazing.” -Multi-Facility SNF Owner

“Len knows the business better than any other HUD processor that I have worked with over 40 years of representing many health care providers, not just the legal requirements but the practical aspects of getting a project approved. If there is a question or problem, Len follows up and researchers the matter until a successful solution is found. He has a positive attitude, a high frustration tolerance, and the patience to work through the system as long as it takes. He is easy to work with, responsive, reliable and creative. Whether you are just exploring the possibility of a finance or refinance, and merely want information, or ready to begin the process, Len should be your resource and go to guy.” -Healthcare Attorney

“I have been involved in the Senior Housing and Care Industry for nearly forty years. My endeavors have essentially covered all aspects of providing services to our senior population. During that time, I have rarely encountered an individual with more integrity and professionalism than Leonard Lucas of Love Funding.” -Consultant

“Although our family has been operating nursing facilities since the mid-90’s, we had no expertise in financing and relied heavily on local bankers. When we decided to seek permanent HUD financing we interviewed several lenders, but we were most impressed with Len’s approach and with the services that he provided. We were not disappointed. Len and his team guided us through the intricate HUD process with ease, explaining each component in detail, assisting us at every level, and supporting us from the first step, until the last. At all times, we felt comfortable, that Len was an advocate for us, and standing by our side.” -Skilled Nursing Facility Owner/Operator

“I have known Len and Love Funding for more than 10 years and they continue to be the first place I go to for my senior housing financing needs. Len will not necessarily tell you what you want to hear but he will tell you what you need to hear. There are lots of people in the senior housing/HUD lending space. Len and Love Funding provide a long track record of experience, service and trust which is why they are my first choice.” -Assisted Living & Memory Care Investor

“I have known, and worked with, Len Lucas for well over ten years, and value his knowledge, integrity and guidance, on anything financing/capital related. Len has been committed to this space for over ten years and his understanding of the nuances of seniors housing and his ability to solve complicated capital/financing needs is a testament.” -Senior Housing/Healthcare Sales Broker

“Len and the entire Love Funding team is a wonderful resource. They are what I would consider a true relationship lender, working with us not just until the loan closes, but throughout the duration of the loan term. I would highly recommend Len.” -Skilled Nursing Operator

“Len has the perfect combination of industry knowledge, experience and diligence. I always look forward to working with him on transactions because I know the client is in good hands. I’ve worked with Len for 20+ years and have first-hand experience of him placing the client’s interests ahead of his own. I have great respect for Love Funding and Len in particular. I highly recommend his services.” -Senior Housing/Healthcare Sales Broker

“No surprises , the numbers since our first meeting remains the same until closing or even better. He really knows our industry very well. Also, he can identified the best resources and strategies to achieve our main goal…Closing.” -Affordable Housing Professional

“Len is a must know person in the senior housing/long term care industry. With deep knowledge and experience, he knows how to get agency deals done, and closed as quickly as possible. With Love Funding’s expanding product line to offer, Len & Love distinguish themselves in a competitive market. Definitely a first call for financing to get results.” -Senior Housing Advisor

“Having been in lending for over thirty years, I am now very selective with what company and more important the representative I am willing to work with. There are many good commercial people at leading lenders, but very few experts. I choose the experts always. Len Lucas is an expert in lending. His vast experience and a no nonsense approach when analyzing your files always gets you a fast knowledgeable answer. If Len says yes, this will work this way. It will close quickly with no surprises. When Len feels the file will not work as submitted, you get a quick no. Customer service is very important to me. Len Lucas will always return your call even when traveling. You always feel important when working with Len. Vast experience and excellent service is a winner for me.” -Mortgage Broker

“I have worked with Leonard Lucas for over 13 years on over $200 million in debt and $10 million in equity. Leonard also worked with us on acquisition opportunities through his great relationships. I highly recommend working with Leonard on all your financing needs. His follow through and integrity is stellar.” -Senior Housing Owner/Operator

“I approached Love Funding Corporation for our financing needs of affordable housing and choose them among other because of their proved experience, professionalism, reliability and expert knowledge in this complex field. As an owner and operator of multifamily and elderly rental housing in Puerto Rico and the U.S. Virgin Islands, I found our business experience and relationship with Love Funding Corporation and specially with Mr. Leonard Lucas as their senior executive, to be very professional, unique and efficient. They addressed with an in-depth/reliable expertise the specific needs of refinancing our rental housing projects. Their services were very important in accomplishing the objectives and feasibility of our business plans. I would recommend Love Funding Corporation to other businesses without reserves.” -Affordable Housing Owner/Operator

Sample List of Closings

Project Name State Loan Amount Loan Type Financing
Gardiner Health Care Facility Maine $1,100,000 Healthcare 232/223(f)
Whitcomb House Massachusetts $7,860,000 Healthcare 232/223(f)
Royal Taber Street Nursing & Rehab Center Massachusetts $2,176,700 Healthcare 232/223(f)
Emerald Park Retirement Center Florida $7,200,000 Healthcare 232/223(a)(7)
Orchard Park Rehabilitation & Living Center Maine $3,451,000 Healthcare 232/223(a)(7)
Southridge Rehabilitation and Living Center Maine $5,950,000 Healthcare 232/223(a)(7)
Somerset Rehabilitation and Living Center Maine $1,487,500 Healthcare 232/223(a)(7)
Sonogee Rehabilitation and Living Center Maine $4,301,000 Healthcare 232/223(a)(7)
Rosewood Manor Rest Home Maine $3,400,000 Healthcare 232/223(a)(7)
Heritage Living and Rehabilitation Center Maine $1,997,500 Healthcare 232/223(a)(7)
Edgewood Rehabilitation and Living Center Maine $2,584,000 Healthcare 232/223(a)(7)
Courtland Rehabilitation and Living Center Maine $2,686,000 Healthcare 232/223(a)(7)
Borderview Rehabilitation and Living Center Maine $4,706,900 Healthcare 232/223(a)(7)
Maplecrest Rehabilitation and Living Center Maine $2,082,500 Healthcare 232/223(a)(7)
Fallbrook Woods Maine $5,280,000 Healthcare 232/223(f)
El Coqui Apartments Puerto Rico $2,175,000 Affordable 223(f)
Round Hill Baptist Housing for the Elderly Puerto Rico $3,829,500 Affordable 202/223(f)
Woodycrest Courts II New York $1,490,000 Affordable M2M
Schooner Estates Maine $10,540,700 Healthcare 232/223(a)(7)
Geer Woods Nursing & Rehab Connecticut $21,946,900 Healthcare 232/223(a)(7)
La Estancia Puerto Rico $2,207,100 Affordable 223(a)(7)
St. Peters Apartments Pennsylvania $4,813,600 Affordable 202/223(f)
St. Paul's Senior Housing Ohio $2,506,000 Affordable 202/223(f)
Casa Edad Connecticut $2,442,000 Affordable 202/223(f)
Casa Otonal Connecticut $7,273,000 Affordable 202/223(f)
Geer Woods Nursing & Rehab Connecticut $21,946,900 Healthcare 232/223(f)
St. Alfio's Villa Massachusetts $2,900,000 Affordable 223(a)(7)
Atrium Healthcare New Jersey $118,500,000 Healthcare 232/223(f)
Russell Park Manor New Hampshire $3,692,500 Healthcare 232/223(f)
St. Alfio's Villa Massachusetts $3,124,800 Affordable M2M
Kime Apartments Pennsylvania $2,441,800 Affordable 202/223(f)
Schooner Estates Maine $10,806,600 Healthcare 232/223(f)
Birmingham Health Care Connecticut $8,190,000 Healthcare 232
Compass on the Bay Massachusetts $4,010,200 Healthcare 232/223(a)(7)
Concordia on the Lake Colorado $26,000,000 Multifamily 223(f)
Casa Castaner Puerto Rico $2,442,300 Affordable 223(f)
Country Villa Rehabilitation Center California $8,724,500 Healthcare 232/223(f)
Birmingham Health Center Connecticut $8,953,800 Healthcare 232/223(a)(7)
Country Villa Mar Vista California $4,619,400 Healthcare 232/223(f)
Sanfield Rehabilitation & Living Center Maine $1,309,000 Healthcare 232/223(a)(7)
Northland Living Center Maine $1,571,700 Healthcare 232/223(a)(7)
Klearview Manor Maine $1,461,700 Healthcare 232/223(a)(7)
Royal Falmouth Nursing & Rehab Center Massachusetts $10,814,500 Healthcare 232/223(f)
Royal Cape Cod Nursing & Rehab Center Massachusetts $9,719,400 Healthcare 232/223(f)
Sundance Inn Health Center Texas $9,352,400 Healthcare 232/223(f)
Park Valley Inn Health Care Center Texas $9,958,300 Healthcare 232/223(f)
Graceland at Garden Ridge Texas $4,660,000 Healthcare Bridge
Graceland at Garden Ridge Texas $4,922,200 Healthcare 232/223(f)
Compass on the Bay Massachusetts $2,733,600 Healthcare 232/223(a)(7)
Alaris Health at Harbor View New Jersey $17,602,400 Healthcare 232/223(f)
Alaris Health at Belgrove New Jersey $11,277,000 Healthcare 232/223(f)
Alaris Health at Essex New Jersey $18,739,600 Healthcare 232/223(f)
Alaris Health at the Chateau New Jersey $20,820,600 Healthcare 232/223(f)
Alaris Health at Rochelle Park New Jersey $23,742,000 Healthcare 232/223(f)
Alaris Health at Castle Hill New Jersey $26,052,700 Healthcare 232/223(f)
Russell Park Rehabilitation & Living Center Maine $3,593,400 Healthcare 232/223(a)(7)
Gardiner Health Care Facility Maine $1,045,733 Healthcare Loan Mod
Broadway Townhouses New Jersey $17,500,000 Affordable 221(d)(4)
Casa Edad de Oro Connecticut $2,442,000 Affordable Loan Mod
Jeannie Apartments Puerto Rico $5,583,500 Affordable 223(a)(7)
Schooner Estates Maine $9,992,585 Healthcare Loan Mod
Fallbrook Woods Maine $4,967,902 Healthcare Loan Mod
Connecticut Healthcare Facility Connecticut $9,670,400 Healthcare 232/223(f)
April Gardens Apartments Puerto Rico $2,800,000 Affordable 223(f)
Southridge Rehab and Living Center Maine $5,559,260 Healthcare Loan Mod
Rosewood Manor Maine $3,176,720 Healthcare Loan Mod
Orchard Park Rehabilation and Living Center Maine $3,224,371 Healthcare Loan Mod
Borderview Rehab & Living Center Maine $4,397,795 Healthcare Loan Mod
Sonogee Rehab Maine $4,018,551 Healthcare Loan Mod
Maplecrest Rehab Maine $1,945,741 Healthcare Loan Mod
Heritage Living & Rehab Maine $1,866,323 Healthcare Loan Mod
Edgewood Rehab Maine $2,414,307 Healthcare Loan Mod
Somerset Rehab and Living Center Maine $1,389,815 Healthcare Loan Mod
Egida Marcelina Santiago Puerto Rico $2,713,700 Affordable 223(f)
Chisholm Creek Oklahoma $37,498,000 Multifamily 221(d)(4)
Graceland at Garden Ridge Texas $4,744,885 Healthcare Loan Mod
Forever Young Senior Living Texas $2,604,600 Healthcare Bridge