“We are very appreciative of the hard work demonstrated by Love Funding on the Bountiful Care Center HUD loan. Their attention to detail and willingness to put forth extra effort proved to be beneficial to the successful closing of our loan. This facility will be a state of the art nursing facility unlike the old nursing home people have been used to. Avalon Healthcare looks forward to providing a high standard of care to the residence of Bountiful in this beautiful new building in the beginning of 2004.”

— Corey Bell, Bountiful Care Center, Bountiful, Utah.

Financing Programs

Recent Healthcare Loan Closings

 

Project Name Location Amount Financing
Lutz Care and Rehab Center Lutz, FL $13,984,000 232 NC
Crestwood Care Center Ogden, UT $14,160,000 232/223(f) LEAN
Highland Care Center Salt Lake City, UT $9,112,000 232/223(f) LEAN
Maplecrest Rehab & Living Center Madison, ME $2,082,500 232/223(a)(7) LEAN
Borderview Rehab & Living Center Van Buren, ME $4,706,900 232/223(a)(7) LEAN
Courtland Rehab & Living Center Ellsworth, ME $2,686,000 232/223(a)(7) LEAN
Edgewood Rehab & Living Center Farmington, ME $2,584,000 232/223(a)(7) LEAN
Heritage Living & Rehab Center Winthrop, ME $1,997,500 232/223(a)(7) LEAN
Rosewood Manor Rest Home Harwich, MA $3,400,000 232/223(a)(7) LEAN
Sonogee Rehab & Living Center Bar Harbor, ME $4,301,000 232/223(a)(7) LEAN
Somerset Rehab & Living Center Bingham, ME $1,487,500 232/223(a)(7) LEAN
Southridge Rehab & Living Center Biddeford, ME $5,950,000 232/223(a)(7) LEAN
Orchard Park Rehab & Living Center Farmington, ME $3,451,000 232/223(a)(7) LEAN
Emerald Park Retirement Center Hollywood, FL $7,200,000 223(a)(7)
Ridgeway Manor Nursing Home Catonsville, MD $2,750,400 232/223(a)(7)
Fallbrook Woods ALF Portland, ME $5,280,000 232/223(f) LEAN
Dogwood Forest of Dunwoody Sandy Springs, GA $7,958,400 232/223(f) LEAN
Durham-Hensley Health & Rehab Chuckey, TN $3,827,300 232/223(f)
Ivy Hall Nursing Home Elizabethton, TN $1,816,900 241(a)
Grandhaven Living Center Lansing, MI $6,981,100 232/223(f) LEAN
Richfield Care Center Richfield, UT $1,260,400 241(a)
St. Elizabeth Care Center St. Elizabeth, MO $2,192,600 232/223(f) LEAN
Christian Care Home Ferguson, MO $15,295,000 232/221(d)(4)
Willow Creek Retirement Center Jackson, MS $6,857,700 232/223(f) LEAN
Vineyard Court Nursing Center Columbus, MS $1,923,400 232/223(f) LEAN
River Place Nursing Center Amory, MS $5,263,300 232/223(f) LEAN
Nichols Center Madison, MS $5,109,100 232/223(f) LEAN
Carrington Nursing Center Starkville, MS $4,633,100 232/223(f) LEAN
Meadow Glen of Leesburg Leesburg, VA $5,560,000 232/223(f) LEAN
Summerville at Valley View Garden Grove, CA 3,385,000 Conventional
Summerville at Tarzana Los Angeles, CA 2,850,000 Conventional
Railside Living Center Byron Center, MI 5,418,100 232/223(f) LEAN
Appledorn Living Center III Holland, MI $3,925,100 241(a)
Gardiner Health Care Facility Houlton, ME $1,100,000 232/223(f)
Eden Heights of Eden Eden, NY $4,900,000 232/223(f)
The Cottages Boise, ID $11,467,400 232/223(f)
Villa at the Lake Conneaut, OH $6,512,000 232/223(f) LEAN
The Allegro at East Lake Tarpon Springs, FL $7,700,000 Freddie Mac
Heritage Oaks Senior Housing Tallahassee, FL $17,000,000 Freddie Mac
Governor's Village Mayfield Village, OH $4,963,200 232/223(f)
Wheatcrest Hills Britton, SD $1,976,900 232/223(f)
Garden Square of Greeley Greeley, CO $1,025,500 232/223(f)
Garden Square of Westlake Greeley, CO $3,396,200 232/223(f)
Golden Horizon Nursing Home Erie, PA $14,562,000 Conventional
Crestfield Rehabilitation Center Manchester, CT $6,280,000 Conventional
Egle Nursing Home Lonaconing, MD $2,413,700 232/223(f)
MS Portfolio(Five Nursing Home Facilities) Mississippi $22,762,000 Conventional
Westview Nursing Home Center, MO $2,210,000 232/223(f)
Geer Nursing and Rehabilitation Center Canaan, CT $21,946,900 232/223(f)
Veranda/Four Seasons/Waterford Gardens Georgia and Idaho $16,370,000 Conventional
Woodlawn Meadows ALF Hastings, MI $2,981,500 232/223(f)
Claibourne Hughes Health Center Franklin, TN $3,884,200 232/223(f)
AarenBrooke Place ALF Boise, ID $4,335,000 232/223(f)
Stonecrest Healthcare Viburnum, MO $1,870,000 232/223(f)
Pristine Pines Assisted Living Portfolio Sewickley and Wexford, PA $13,000,000 Conventional
Allegro at Fleming Island Orange Park, FL $8,500,000 Conventional
Accolade at Fleming Island Orange Park, FL $11,500,000 Conventional
Percy Village Los Angeles, CA $2,275,000 Conventional
Rambling Oaks Oklahoma $12,900,000 Conventional
Russell Park Manor Lewiston, ME $3,717,800 202/223(f)
NCR/Wingate Portfolio Detroit, MI $49,214,739 LIHTC
Bella Vista ALF Bella Vista, AR $3,375,000 232/221(d)(4)
White Oaks Assisted Living Facility Lawton, MI $2,810,200 232/223(f)
Geer Senior Housing Complex Canaan, CT $19,850,000 Conventional
Good Neighbor Care- Eugene Eugene, OR $8,000,000 Conventional
Schooner Estates Auburn, ME $10,806,600 232/223(f)
Allegro St. Augustine St. Augustine, FL $10,000,000 Freddie Mac
Magnolia Gardens ALF Toms River, N.J. $8,058,000 232/223(f)
Silver Oak / 7 ALF OK, TX, NB $27,150,000 Conventional
Terrace at Mountain Creek Chattanooga, TN $4,200,000 Conventional
The Fountains Troy, IL $11,000,000 Conventional
Runk & Platt-Forest Assisted Living Facility Lynchburg, VA $4,102,000 232/223(f)
Heritage Oaks Tallahassee, FL $10,000,000 Conventional
St. Joseph's Rehab Harahan, LA $5,371,700 232/223(f)
Allegro at East Lake Tarpon Springs, FL $7,650,000 Conventional
Pheasant Ridge Assisted Living Roanoke, VA $7,990,000 232/223(f)
College Harbor St. Petersburg, FL $21,750,000 Conventional
Countryside Lakes Assisted Living Port Orange, FL $8,000,000 Conventional
Farmington Healthcare Farmington, MI $3,485,000 232/223(f)
Appledorn ALF Holland, MI $5,256,600 232/223(f)
Governor's Point Mentor, Ohio $2,620,800 223(f)