Love Funding Closes $4.74 Million Loan Refinancing for Heritage Assisted Living in Yukon, Oklahoma


Love FunHeritage-ALFding, one of the nation’s leading providers of FHA multifamily and healthcare financing, announced the closing of a $4.74 million loan refinancing for Heritage Assisted Living, a 79-unit assisted living center in Yukon, Oklahoma.
 
Love Funding Senior Director Robyn Cunningham of the St. Louis office, together with Director Adrian Hartman, secured the financing through the U.S. Department of Housing and Urban Development’s Section 232/223(f) LEAN loan insurance program for the streamlined purchase or refinance of existing assisted living, memory care or skilled nursing facilities.

Heritage Assisted Living was built in 2000, and joined Oklahoma’s Advantage Waiver Program in 2010. The property was the first assisted living center in the Oklahoma City area to join the state’s long-term care program, which provides Medicaid-funded home and community-based services to frail elders and adults with disabilities.
 
For more information, contact Robyn Cunningham at (314) 512-7955.

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