Laura Saull-Smith
Senior Vice President — Senior Loan Originator
Washington, D.C.
Ms. Saull-Smith joined Love Funding in 1990 as an underwriter. In 1993 she was promoted to commercial origination. Currently, she holds the position of senior vice president-senior loan originator. In this capacity, Ms. Saull-Smith is responsible for loan origination and also serving on Love Funding’s Senior Management Committee. She brings more than 24 years of experience to her position in the mortgage banking industry.
Over the course of her career, she has underwritten over $3 billion in FHA, FHLMC, FNMA & Wall Street Conduit Transactions, originated and closed 53 transactions, totaled in excess of $375 million since 1993, and generated revenues exceeding $25 million. Ms. Saull has been awarded the honor of top producer during her tenure with Love Funding.
Ms. Saull-Smith is a member of several organizations including Mortgage Banker’s Association, National Multi-housing Council, National Apartment Association, Home Builder’s Association/National Council on Seniors Housing, National Association for Executives (NAFE), Association of Professional Mortgage Women (APMW), Assisted Living Federation of America (ALFA), Assisted Seniors Housing Association (ASHA), Long Term Care Executive Management (LTC-100), American Association of Homes and Services for the Aging (AAHSA), New Jersey Association of Non-Profit Homes for the Aging (NJANPHA), Health Care Association of New Jersey (HCANJ), and the National Association for Mental Illness (NAMI). She was also recently appointed to the advisory board for National Investment Center for the Seniors Housing & Care Industry (NIC).
Ms. Saull-Smith holds a bachelor’s degree from West Chester University and the University of Marburg, Germany in political science and German. In 1992, she received her MBA from American University in real estate finance.
Laura Saull-Smith’s List of Senior Housing Closings from 1993 to Present:
- MS Nursing Home Portfolio
$22.762 million, 7.95%, conventional acq. financing consisting of:
- Nicholas Center Nursing Home
Madison, MS
$4,900,000, 7.95% Conventional - Willow Creek Nursing Home
Byram, MS
$6,600,000, 7.95% Conventional - Vineyard Court Nursing Home
Columbus, MS
$1,700,000, 7.95% Conventional - River Place Nursing Home
Amory, MS
$5,100,000, 7.95% Conventional - The Carrington Nursing Home
Starkville, MS
$4,462,000, 7.95% Conventional
- Nicholas Center Nursing Home
- MS Portfolio
328 Units
$5,000,000 Accounts Receivable Line - Scheuer House of Brighton Beach
Brighton Beach, NY
$8.35 million, 5.95%, HUD 202/223(f) refinance - Magnolia Gardens Assisted Living
Toms River, NJ
$8.06 million, 5.90%, HUD 232/223(f) refinance - St. Joseph’s Nursing Home
Harahan, LA
$5.37 million, 5.57%, HUD 232/223(f) refinance - Sugarland Hill Senior Apartments
Fairfax, VA
$11.8 million, 5.83%, HUD 221(d)4 new construction - Hillside Assisted Living Facility
Montoursville, PA
$3.86 million, 5.48%, HUD 232/223(f) refinance - Paradise Assisted Living Facility
Catonsville, MD
$2.44 million, 5.75%, HUD 232/223(a)7 rate reduction loan - Burbank Gardens Assisted Living Facility
Burbank, CA
$4.79 million, 5.65%, HUD 232/223(a)7 rate reduction loan - Eden Pines ALF/Alzheimer
Petersburg, VA
$2.22 million, 5.55%, HUD 232/223(f) refinance - South Mountain Nursing Home
Vauxhall, NJ
$10.77 million, 5.68%, HUD 232/223(a)7 rate reduction loan - Richfield Nursing Home
Richfield, UT
$5.695 million, 5.95%, HUD 232/223(f) refinance - Hopewell Nursing Home
Hopewell, VA
$5.97 million, 5.50%, HUD 232/223(f) refinance - Colonial Heights Nursing Home
Colonial Heights, VA
$10.42 million, 5.53%, HUD 232/223(f) refinance - Valley Nursing Home
Chilhowie, VA
$10.21 million, 5.50%, HUD 232/223(f) refinance - Westport Nursing Home
Westport, VA
$10.89 million, 5.65%, HUD 232/223(f) refinance - Bountiful Care Center Nursing Home
Bountiful, UT
$6.79 million, 6.15%, HUD 232 substantial renovation - Jefferson Heights Senior Apartments
Charlottesville, VA
$9.32 million, 6.20%, HUD 221(d)4 new construction - Northwood Nursing Home
Bedford, NH
$7.37 million, 5.85%, HUD 232/223(a)7 rate reduction loan - Gates Manor Nursing Home
Montclair, NJ
$4.26 million, 5.75%, HUD 232/223(f) refinance - Glynn Taff Assisted Living Facility
Catonsville, MD
$2.37 million, 5.50%, HUD 232/223(f) refinance - Bedford Care Center
Newton, MS
$1.5 million, 5.90%, HUD 232/223(a)7 rate reduction loan - Carnegie East Assisted Living Facility
New York, NY
$30.12 million, 6.25% construction and 5.95% permanent, HUD 232 new construction tax-exempt bond financing - America House Assisted Living Facility
Manassas, VA
$2.08 million, 7.75% construction, 7.60% permanent, HUD 232 new construction - America House Assisted Living Facility
Orange, VA
$2.95 million, 7.375% construction, 7.15% permanent, HUD 232 new construction - Arcadia Convalescent Nursing Home
Arcadia, CA
$3.03 million, 7.00%, HUD 232/223(f) refinance - Burbank Gardens Retirement Hotel
Burbank, CA
$4.78 million, 7.875% HUD 232/223(f) refinance
“Our expansion would not have been possible without all the due diligence and hard work behind the scenes of the transaction. Laura and her team went above and beyond at every turn and had such a positive attitude that we would succeed. They receive high marks and are not just our lenders; they’ve also become our friends. We would not hesitate to recommend them to other borrowers.”
— David Rotolo, co-owner of Briar Hill Management
“I cannot say enough about Laura Saull-Smith. She was very thorough, responsive, professional, and dedicated to getting our loan closed. She was a delight to work with, and I would not hesitate to do business with her again or recommend her to others.”
— John Goode, Senior Housing LLC, DBA Senior Housing Management Group, Inc.
“Laura Saull-Smith is very responsive and shows a great understanding of the underlying business, whether it be multifamily apartments or healthcare. This knowledge enables her to add significant value to what would otherwise be customary mortgage banking services”
— Steve Rother, Post Polak Goodsell MacNeill & Strauchler