Love Funding Secures $1.93 Million Loan for Greenbriar Apartments in Boise, Idaho

Washington, DC – Nov. 17, 2011 – Love Funding, one of the nation’s leading providers of FHA multifamily and healthcare financing, announced the closing of a $1.93 million loan refinancing for Greenbriar Apartments, a 47-unit Section 8 apartment community in Boise, Idaho.
 
Love Funding Fist Vice President and Loan Originator Chad Ricks of the Dallas office secured the loan through the U.S. Department of Housing and Urban Development’s 223(f) loan program. Utilizing the program enabled the property’s owner to lock in a low fixed interest rate for a 35-year term, generating significant debt service savings.

Greenbriar Apartments, which is based in the Southeast Boise neighborhood, consists of 10 two-story and partial three-story buildings. All of the rental units are covered under a Section 8 HAP contract. The property received a superior rating from the Idaho Housing Finance Authority during an August 2009 management review.
 
For more information, contact Chad Ricks.

Related Posts

Lutz Care & Rehabilitation Center January 11 111 2011
Village at West Point February 21 221 2011
Clock Tower Apartments January 11 111 2012
NuVista Care January 11 111 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012