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Top 5 Reasons We Love HUD

There are a lot of finance options out there, but we stand by the many benefits of HUD-insured loan programs. In fact, we focus exclusively on FHA finance and have the knowledge and expertise to show for it.

This Valentine’s Day, Love Funding shares the top 5 reasons we LOVE HUD: (more…)

2018-02-15T14:28:08+00:00 Industry News|

Affordable Housing Finance FAQ

Financing for affordable housing communities can get tricky. It oftentimes requires a combination of debt and equity sources and a complex analysis of available financing tools. Love Funding has done it all. Our team has extensive experience underwriting HUD-insured loans involving tax-exempt bonds, low-income housing tax credits (LIHTCs), historic tax credits, new market tax credits, Section 8 rental contracts and various government programs for subordinated loans or grants. Here our experts answer some of the most common affordable housing finance questions:

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2018-01-11T18:14:12+00:00 Industry News, Resources|

Q4 2017 Reporting Reminder to Healthcare Borrowers

Attention Healthcare Operators!

Q4 2017 financials due to Love Funding no later than March 30, 2018

On a quarterly basis, certified financial statements must be prepared by the CFO of the facility and submitted electronically to Love Funding at: financialstatements@lovefunding.com

Certified statements can be produced to report monthly, quarterly or annual results and must be cumulative for the period covered. Note: Actual Number of Resident Days must be included.

Questions? Contact Tina Pelton, Asset Manager at tpelton@lovefunding.com or (202) 591-3682

 

 

2018-01-11T18:21:04+00:00 Industry News|

Opinion: FHA has a fix for hospital tax-exempt financing

Written by Steve Hunt, Love Funding | November 21, 2017 | Published by Becker’s Hospital Review

The Tax Cuts and Jobs Act passed by the House of Representatives on November 16 held an unwelcome surprise for non-for-profit hospitals: the elimination of tax-exempt financing for 501(c)(3) organizations, among other things.

However, the Senate markup, dated November 14, was a bit more tolerable. Below is a summary of tax reform provisions being discussed on the Hill, which could increase borrowing costs for not-for-profit hospitals, and how the FHA 242 hospital program could benefit more hospitals as a result: (more…)

2017-11-29T21:15:46+00:00 Industry News|

HUD’s RAD Program + Affordable Housing

A Demo for partnership: HUD’s RAD program taps private dollars to preserve affordable public housing

By Mark Dellonte, Opinion Contributor — Published 

In many public housing communities around the country, conditions are quickly becoming unlivable. Collectively, public housing authorities (PHAs) face a backlog of $26 billion in deferred maintenance and it’s growing by the day because the properties continue to age and the PHAs have fewer resources than ever before to maintain them. The problem is made all the more pressing by the fact that roughly nine out of every 10 households that live in public housing include minor, elderly or disabled family members. (more…)

2017-10-30T19:31:49+00:00 Industry News|

Q3 2017 Reporting Reminder to Healthcare Borrowers

Attention Healthcare Operators!

Q3 2017 financials due to Love Funding no later than November 29

On a quarterly basis, certified financial statements must be prepared by the CFO of the facility and submitted electronically to Love Funding at: financialstatements@lovefunding.com

Certified statements can be produced to report monthly, quarterly or annual results and must be cumulative for the period covered. Note: Actual Number of Resident Days must be included.

Questions? Contact Tina Pelton, Asset Manager at tpelton@lovefunding.com or (202) 591-3682

 

 

2017-10-19T19:57:49+00:00 Industry News|

Financial Reporting Requirements

Download Instructions

REQUEST FOR AUDITED FINANCIAL STATEMENTS

Every year, multifamily and healthcare borrowers must file with HUD an annual audited financial statement (AAFS) within ninety (90) days following the end of the borrower’s fiscal year. (more…)

2017-10-19T19:06:30+00:00 Industry News|

Historic Lofts in Cleveland a Reward for Persistent Developers

By Brad Stanhope
February 8, 2017

Planning for the West 25th Street Lofts, an 83-luxury apartment complex with a commercial component, began in 2008. It is open, thanks in large part to state and federal historic tax credit (HTC) equity and a HUD 221(d)(4) loan guarantee. Those financial tools helped overcome the Great Recession, a landmark historic tax credit ruling and other issues faced by the developers in the now-chic Ohio City neighborhood.

The building has 83 historic apartment lofts with modern amenities. “It’s good to see it come to fruition and see the way you envisioned things do in fact materialize,” said Rick Foran, the owner of Foran Group Development and co-developer with Chris Smythe of Smythe Property Advisors. “It’s as good as we thought and maybe better.”

(more…)

2017-11-01T15:28:18+00:00 Industry News|
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