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Robert L. Smallwood


Senior Director | Cleveland

Bob Smallwood

Robert L. Smallwood, CPA, MBA, joined Love Funding’s Cleveland office in 2007 as senior director. In this capacity, Mr. Smallwood specializes in financing solutions for the assisted living and skilled nursing industry. He also advises clients in all aspects of multifamily financing including senior, affordable and market rent housing.

Mr. Smallwood  has more than 35 years of experience in the financial industry. Prior to joining Love Funding, he served the industry as a MAP approved underwriter, often using Love Funding as his correspondent to fund and close HUD-insured projects. In December 2008, Mr. Smallwood successfully placed the first national LEAN acquisition financing providing acquisition financing for Villa at the Lake, a 90-unit assisted living facility in Conneaut, OH.

Mr. Smallwood’s prior experience includes an extensive career as the chief financial officer and executive vice president of financing for a publicly traded regional integrated oil and gas company. In his capacity with Eastern Petroleum Company, Mr. Smallwood implemented a program of reorganization that provided company growth through both acquisition and development while improving shareholder value by approximately 300 percent. After the successful disposition of Eastern Petroleum, Mr. Smallwood  also served as CFO for Superior Printing, a nationally recognized sheet fed printer from Northeast Ohio.

With his years of financial experience and knowledge of the various HUD insured programs, Mr. Smallwood has been able to assist his clients with the development of financial solutions tailored to their specific needs.

Mr. Smallwood is a licensed CPA in Ohio and holds an MBA from Youngstown State University.

Testimonials

“This was our first experience with the LEAN process and Bob’s knowledge of the LEAN program and his experience with the LEAN process was invaluable to the transaction. He assisted us through each step of the transaction and kept us completely up to date as our projects moved through LEAN’s processing queue and into closing.” -Al Vrable, President, Chief Executive Officer and Owner of Vrable Healthcare

“It was a pleasure dealing with Love Funding and Robert Smallwood on the first HUD LEAN program acquisition loan to close in the U.S.  Robert and Love Funding are certainly well-trained, highly qualified and got things done on a timely basis, even though there were plenty of issues that could have stalled things badly.  Much thanks and praise for the Love Funding team.  I’d recommend them every time! ”
—Lloyd R. Chapman, Principal with Acquisition and Management Consultants, LLC

“I cannot say enough about the effort Bob Smallwood put forth on our behalf.  His professional approach to our relationship, not to mention his thoroughness and responsiveness during the application process, enabled us to meet a very tight timeline.  From the point of engagement through closing, he remained committed to providing the utmost level of professional service resulting in a successful conclusion. As we continue to review growth opportunities, we will, without hesitation, look to Love Funding and Bob Smallwood as our financial partner. ”
—Christopher C. Randall, CEO of Randall Residence

Sample List of Closings

Project Name State Loan Amount Loan Type Financing
Olmstead Manor Retirement Community Ohio $2,116,900 Healthcare 232/223(f)
J.H. Floyd Sunshine Village Florida $2,691,200 Affordable 202/223(f)
Adams County Manor Ohio $4,736,000 Healthcare 232/223(f)
Meadows Health Care Center Ohio $4,420,600 Healthcare 232/223(a)(7)
Villa at the Lake Ohio $6,510,000 Healthcare 232/223(a)(7)
Abbyshire Place Skilled Nursing and Rehab Ohio $4,800,000 Healthcare 232/223(f)
Southern Hills Nursing and Rehab Ohio $7,554,000 Healthcare 232/223(f)
Louisiana House Apartments Ohio $4,231,400 Affordable 223(a)(7)
Governor’s Village Assisted Living and Dementia Care Ohio $4,963,200 Healthcare 232/223(f)
Villa at the Lake Ohio $6,512,000 Healthcare 232/223(f)
Governor's Village Assisted Living and Dementia Care Ohio $4,963,200 Healthcare 232/223(a)(7)
Willowood Manor Apartments Ohio $2,953,700 Affordable 223(a)(7)
Fedor Manor Apartments Ohio $6,368,200 Affordable 223(a)(7)
Ludington Woods Living Center Michigan $3,375,500 Healthcare 232/223(a)(7)
White Oaks Assisted Living Facility Michigan $2,810,200 Healthcare 232/223(f)
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)
Olmsted Manor Care Center Ohio $4,760,000 Healthcare 232/223(a)(7)
Heritage Manor SNF Ohio $5,024,400 Healthcare 232/223(f)
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)
Governor's Pointe Ohio $2,550,500 Healthcare 232/223(a)(7)
Grandhaven Living Center Michigan $6,981,100 Healthcare 232/223(a)(7)
Gran Signora Manor Ohio $1,527,492 Affordable Loan Mod
Harmony Village Ohio $1,674,269 Affordable Loan Mod
Franklin Ridge Nursing Home Ohio $2,894,100 Healthcare 232/223(f)
Windsor Manor West Ohio $1,702,833 Multifamily Loan Mod
Find-A-Way I Ohio $1,541,672 Multifamily Loan Mod
Find A Way II Ohio $1,752,704 Multifamily Loan Mod
Cedar Meadows Ohio $1,548,388 Multifamily Loan Mod
Veterans Villa Ohio $1,064,402 Multifamily Loan Mod
North Park Retirement Community Ohio $5,536,000 Healthcare 232/223(f)
Kappa House Ohio $3,517,047 Affordable Loan Mod
Streetsboro Green Apartments Ohio $1,210,214 Multifamily Loan Mod
Shiloh Springs Care Center Ohio $5,240,400 Healthcare 232/223(f)
KentRidge at Golden Pond Ohio $9,172,500 Healthcare 232/223(f)
Governor’s Village Assisted Living Ohio $5,320,700 Healthcare 241(a)
Briarfield at Ashley Circle Ohio $6,157,900 Healthcare 232/223(f)
Kirby Manor Ohio $4,024,914 Affordable Loan Mod
Villa at the Lake Ohio $6,251,083 Healthcare Loan Mod
Governor's Village Ohio $4,755,167 Healthcare Loan Mod
Louisiana House Ohio $3,961,454 Multifamily Loan Mod
Skilled Nursing Facility Portfolio Ohio $46,304,000 Healthcare 232/223(f)
Paul Laurence Dunbar Senior Complex Florida $10,000,000 Affordable 221(d)(4)
Willowood Manor Ohio $2,801,577 Multifamily Loan Mod
Fedor Manor Ohio $6,005,639 Multifamily Loan Mod
St. Paul's Senior Housing Ohio $2,261,059 Multifamily Loan Mod
Alpha Towers Illinois $8,316,291 Multifamily Loan Mod
Shiloh Springs Care Center Ohio $4,565,183 Healthcare Loan Mod
Southern Hills Nursing & Rehabilitaiton Center Ohio $6,981,290 Healthcare Loan Mod
Abbyshire Place Skilled Nursing & Rehab Center Ohio $4,320,939 Healthcare Loan Mod
Berea Lake Towers Ohio $5,079,500 Healthcare 232/223(f)