Love Funding Secures $4.34 Million in Financing for Portfolio of Senior Care Facilities in Maine


Sanfield Rehab & Living CenterLove Funding, one of the nation’s leading providers of FHA multifamily and healthcare financing, closed three loan refinancings totaling $4.34 million for a portfolio of senior care facilities in Maine.
 
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(a)(7) LEAN loan program.
 
The facilities involved are Klearview Manor in Fairfield; Northland Living Center in Jackman, and Sanfield Rehabilitation and Living Center in Hartland. The centers offer a total of 64 beds and are operated by North Country Associates Inc.
 
Last month, Lucas secured an $8.7 million loan refinancing for Country Villa Rehabilitation Center, a skilled nursing facility in Los Angeles.
 
For more information, contact Leonard Lucas at (617) 638-0055.

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