Former Pabst Brewing Company Campus in Milwaukee to Welcome New Loft Apartments
By Teresa Garcia, Marketing Manager, Novogradac
May 2019
A once-vacant historic compound in Milwaukee is taking one step closer to complete revitalization. (more…)
Financial Reporting Requirements
REQUEST FOR AUDITED FINANCIAL STATEMENTS
Every year, Borrowers of multifamily and healthcare loans must file an annual audited financial statement (AAFS) with HUD within ninety (90) days following the end of the Borrower’s fiscal year. (more…)
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. (more…)
Twin Cities Senior Housing Market is Booming
By Liz Wolf
July 2018
Senior housing developments are popping up around the Twin Cities metro area in anticipation of Minnesota’s so-called “silver tsunami” – the massive wave of baby boomers entering their golden years. The state of Minnesota has 1.5 million baby boomers. (more…)
Seniors Housing Business Q&A: What Do Lenders Look for in a Borrower?
Love Funding is among the top ranking HUD lenders in the nation. Specializing in multifamily and healthcare finance, our team is ready to assist you in obtaining financing to help meet your short- and long-term goals.
Market Commentary | June 22, 2018
FED RAISES RATES AGAIN; APPETITE STILL STRONG FOR HUD BACKED LOANS
The Fed recently raised rates for the second time in 2018 and signaled that two additional rate hikes were expected before year-end. Committee members noted continued strength in the labor market, household spending and business investment, with a slight uptick in inflation. The Fed acknowledged that inflation is moving closer to the Fed’s stated 2% target. (more…)
Take a Closer Look at HUD Multifamily Financing
Borrowers seeking financing for multifamily properties, or properties with five or more units, may be eligible for a loan through HUD. HUD supports all types of multifamily financing, from acquisition, to refinance, to sub rehab and new construction. (more…)
Omnibus Spending Bill: 3 Things to Know
In March, Congress passed HR 1625, or the 2018 Omnibus Spending Bill. This bill brought about many important changes for the affordable housing community and funds the Federal Government for the remainder of the 2018 fiscal year. (more…)
Preservation Algebra: Working with PHAs on RAD deals
By Mark Olshaker
April 2018
“I really like RAD projects,” declares Holly Bray, senior director of originations for Love Funding in Washington, DC. “You’re in the weeds, helping authorities take their housing stocks and making them great. There are a lot of things to figure out and a lot of coordination. But the end result is truly rewarding.” (more…)
Market Commentary | April 10, 2018
The Fed recently raised rates for the first time in 2018, after leaving rates unchanged in January. Committee members noted significant strength in the labor market and a slight uptick in inflation. They did, however, note that the inflation level was still quite low overall. (more…)