Affordable
  • Love Funding Secures $4.2 Million Refinance Loan for Arbor Terrace Apartments

    Love Funding Secures $4.2 Million Refinance Loan for San Diego Apartments

    Love Funding closed a $4.2 million loan for the refinance of Arbor Terrace Apartments, an affordable, multifamily community in San Diego, Ca. The community is comprised of 71 two-, three- and four-bedroom units and offers its residents a community room, courtyard, recreational room, laundry room and an on-site… (more...)

  • Love Funding Secures Financing for an Affordable, Age-Restricted Community

    Love Funding Closes $12.7 Million Acquisition Loan for Affordable, Age-Restricted Community in Memphis, TN

    Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $12.7 million loan to be used for the acquisition and renovation of St. Peter Manor, an age-restricted community in Memphis, TN.

    Love Funding… (more...)

  • Love Funding Provides Financing for Affordable Communities in Michigan

    Love Funding Secures $7.2 Million Loan for Construction of Two Affordable Communities in Michigan

    Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of $7.2 million in loans for the construction of 501 Eastern and Stockbridge Apartments, two affordable communities in Grand Rapids, MI.

    The two communities… (more...)

  • Tax Credit Equity Bridge Loans: A Creative Financing Solution

    An increase in labor and material costs, as well as rising interest rates, have added significant stress in the production of affordable housing nationwide. As the margin for Low Income Housing Tax Credit (LIHTC) deals becomes increasingly tight, a creative approach to financing such transactions is essential. One effective solution is a tax credit equity bridge loan.… (more...)

  • Using HUD to Finance Modular Construction: The Pros & Cons

    With today’s many technological advances, modular construction is increasing in popularity for multifamily new construction projects. We recently secured a HUD-insured loan for an apartment community constructed using modular units, Carrino Plaza Apartments, in Newark, New Jersey. Carrino Plaza Apartments will offer 60 units and is one of the first modular projects to be… (more...)

  • Modular Construction: A Closer Look at Carrino Plaza Apartments

    Love Funding arranged a $7.9 million loan for the construction and permanent financing of Carrino Plaza Apartments, a new apartment community built with modular units in Newark, NJ.

    Carrino Plaza Apartments was one of the first modular construction projects to be approved under HUD’s 221(d)(4) loan program. Modular construction not only decreases overall… (more...)

  • All About RAD

    Congress authorized the Rental Assistance Demonstration (RAD) program to address the daunting backlog of capital repairs in the nation’s public housing stock and to stem the loss of affordable units. PHAs can now use RAD Component I to access private debt and equity to fund repairs and stabilize properties. In March, Congress expanded eligibility requirements under the RAD program and raised… (more...)

  • Everything You Need to Know About Modular Construction

    Not too long ago, if you were to bring up modular construction, thoughts immediately went to a low quality, cheap, below standard product. But today the perception of modular construction is changing. Developers are beginning to embrace modular construction and its potential benefits for new projects. With today’s technological advances, modular construction is now producing reliable,… (more...)

  • Your RAD Team: The Key to Success

    After considering your options, you’ve decided to pursue a Rental Assistance Demonstration (RAD) conversion. Now what?

    It’s time to pick your RAD team! Choosing the right experts to guide you through the conversion process is vital to your success. Here we breakdown the key players in your transaction:

    As with any loan, selecting the right lender for your RAD… (more...)

  • Your RAD Team: The Key to Success

    After considering your options, you’ve decided to pursue a Rental Assistance Demonstration (RAD) conversion. Now what?

    It’s time to pick your RAD team! Choosing the right experts to guide you through the conversion process is vital to your success. Here we breakdown the key players in your transaction:

    As with any loan, selecting the right lender for your RAD… (more...)