Love Funding, one of the nation’s leading providers of FHA multifamily and healthcare financing, announced that it has hired David Opalek as a director of originations to help strengthen the company’s affordable housing finance capabilities.
Opalek will be located in the Columbus, Ohio metropolitan area and focus on arranging multifamily loans around the nation by tapping the U.S. Department of Housing and Urban Development mortgage insurance programs. Opalek joins the company from Red Mortgage Capital LLC, where he developed expertise in HUD’s affordable housing programs over a span of eight years.
In the midst of a nationwide affordable housing shortage, Love Funding has played an active role in helping preserve affordable housing rental units through HUD’s popular loan insurance programs. In recent years, Love Funding was approved to participate in the agency’s pilot program focused on properties financed with low income housing tax credits (LIHTCs), as well as its Rental Assistance Demonstration (RAD) program, which allows proven financing tools to be applied to at-risk public and assisted housing.
“We are excited to have David on board here at Love Funding, where he will utilize his well-established affordable housing expertise in furthering our company’s goal of growing that business,” said Love Funding President and Chief Executive Officer Mark Dellonte.
For more information, contact David Opalek at (614) 778-9698.