“We’re thrilled with the service we’ve gotten from LFC since the loan closed. Love Funding guided us through the process and was instrumental in helping us set up our reserves for repair. Through our reserves, we were able to purchase a generator which can power our entire facility. I don’t think there is another facility in the state that has this type of generator.”

— Barry Scheier, co-owner and administrator of Gates Manor Nursing Facility, Montclair, New Jersey

Love Funding

Love Funding is a national full-service, commercial mortgage-banking firm. As a direct lender and financial intermediary, Love Funding offers loan placement services for borrowers, as well as origination, consulting and servicing of loans for investors nationwide.

Love Funding commenced mortgage-banking operations in 1984. It is one of the Love Companies, an investment holding company with origins dating back to 1875. The firm has extensive experience in all aspects of real estate investment analysis and mortgage lending. Love Funding affiliates are involved in commercial banking, loan servicing, property management, commercial real estate equity investments (including apartments, shopping centers, hotels, office buildings and warehouses), development and operation of senior housing, management of Missouri Investment Trust (a REIT) and of course, mortgage banking.

The Company offers FHA full-insurance loans, conduit loans, GSE loans and portfolio lending for life insurance companies and several commercial banks. Love Funding is an FHA MAP (Multifamily Accelerated Processing) approved lender and a Ginnie Mae issuer. Love Funding is also a recognized expert in multifamily and senior housing lending, and is an approved FHA multifamily and Section 232 (Board & Care, Assisted Living and Skilled Nursing) lender and underwriter. As an approved correspondent, Love Funding continues to leverage its long-standing alliances with several dominant Wall Street CMBS issuers.

Currently, together with its affiliates, Love Funding’s servicing portfolio is more than $2 billion. The company also provides construction loan servicing for third-party lenders and correspondent services for FHA Mortgagees needing access to GNMA, MAP and underwriting resources.

Love Funding has programs for most types of commercial properties and offers immediate funding as well as forward commitments and construction loans. Property types financed include multifamily properties, affordable housing, senior housing, healthcare, hospitality/resort properties, office buildings, retail and light industrial.

The Company will consider loans as small as $1 million (any size for FHA multifamily) and as large as $100 million, either secured by single assets or portfolios of properties, although more typical loan sizes range from $3 million to $20 million.

Love Funding's staff specializes by property type and loan category. Specialists provide niche lending such as construction lending, condominium conversions, single-tenant credit-leased property loans, mezzanine loans, bridge loans, FHA Section 223(f) mark-to-market restructuring, FHA Section 236 decoupling, FHA Section 202 refinancing, FHA apartment loan refinancing and others.