Love Funding Closes Two FHA Healthcare Loan Refinancings in Texas

||Love Funding Closes Two FHA Healthcare Loan Refinancings in Texas

Sundance-InnLove Funding, one of the nation’s leading providers of FHA multifamily and healthcare financing, announced the closing of loan refinancings totaling $19.3 million for two Texas skilled nursing facilities.
 
The properties involved are Park Valley Inn, a 160-bed skilled nursing facility in Round Rock, and Sundance Inn Health Center, 128-bed skilled nursing facility in New Braunfels.

Love Funding Senior Director Leonard A. Lucas of the Boston office secured the loans through the U.S. Department of Housing and Urban Development’s Section 232/223(f) LEAN loan program for long-term care facilities. In each case, using the program enabled Lucas to lock in a low, fixed rate for a 35-year term, generating significant debt service savings for the borrower.
 
Before these transactions, Lucas had closed a half dozen FHA loan refinancings for healthcare facilities within the past six months. In June, he refinance the debt on the Birmingham Health Center in Derby, Connecticut. That transaction was preceded by three loan refinancings for a portfolio of senior care facilities in Maine, and two separate refinancings for Country Villa Rehabilitation Center, a skilled nursing facility in Los Angeles.
 
For more information, contact Leonard Lucas at (617) 638-0055.

2013-08-26T16:41:59+00:00 Love Funding News|