Love Funding is a fully-approved HUD MAP and LEAN lender serving clients across the country. We offer refinance, construction and acquisition financing programs for market-rate multifamily and affordable housing, as well as senior housing/healthcare facilities and hospitals.
Bridge Loan Platform
Love Funding offers a bridge-to-HUD platform as an interim financing option when quick executions are required or HUD regulations dictate the need for interim financing. The platform provides bridge financing of up to three years for qualified borrowers seeking long-term HUD financing to acquire, refinance, or take equity out of a project. We also recently expanded our bridge loan platform to include construction/mini-perm loans for ground-up new construction and substantial rehabilitation, as well as bridge tax credit equity for affordable developers. Terms vary and are tailored to each transaction.
As an approved Multifamily Accelerated Processing (MAP) lender, Love Funding has been authorized by HUD to originate, underwrite and close FHA insured loans through HUD for both for-profit and not-for-profit borrowers.
Transactions for Affordable Housing often involve both debt and equity sources of funds and require proper analysis of, and coordination between, available financing tools. Among these tools are mortgages, tax-exempt bond financing options, low-income housing tax credits (LIHTC), historic tax credits, new markets tax credits and various government programs for subordinated loans or grants.
Love Funding can finance the acquisition, construction, substantial rehabilitation or refinance your existing debt on all types of senior housing and healthcare properties through FHA. The types of facilities that we finance include skilled nursing, assisted living, and memory care facilities (up to 25 – 30% of a healthcare facility can have an independent living component).
The FHA mortgage insurance program for acute care hospitals, including critical access hospitals, provides loans to finance new construction, expansion, modernization, equipment, and refinancing of existing debt.