Multifamily
Love Funding provides access to a full range of multifamily financing options that can be arranged on either a short or long-term basis with a variety of lenders. Our lender relationships can accommodate requests for various projects (apartments to manufactured housing parks) at differing stages, including:
- Construction, renovation or rehabilitation
- Acquisitions
- Repositioning of sub-performing properties under new ownership and management
- Lease-up of partially stabilized projects
- Short or long-term refinancing of existing debt
Our financing partners include investment and commercial banks, insurance companies, pension funds, credit companies, Fannie Mae and Freddie Mac lenders. 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. The firm consistently ranks in the top-10 loan volume producers among FHA MAP-approved lenders. A GNMA-approved Seller Servicer, Love Funding or its affiliate, Heartland Bank, services all FHA loans after closing. Properties can have subsidized or market rate rents.
Love Funding also can provide its clients with the added advantage of tax-exempt and taxable bond financing capabilities that can be further supported with tax credits and subordinated debt options.
The Company is an approved correspondent for several small balance loan programs. Through these, we can provide our clients with loans from $500,000 to $2,000,000, with fixed closing costs and a variety of loan, repayment and prepayment penalty structures.
An experienced Love Funding originator can guide our clients through all of the options and advise on the merits of each.