Love Funding closed a $47.6 million loan for the construction and permanent financing of Allure on the Parkway, a market-rate, multifamily community in Sanford, Fl. (more…)
Love Funding originators always go the extra mile for our clients. Senior Director Peter Wessel helped secure financing for Block 32 at RiNo, a new construction project in Denver. (more…)
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. (more…)
Love Funding closed a $40.6 million loan to the developer, Tampa-based Aileron Investment Management, for the construction and permanent financing of Grand Central Apartments, an upscale market-rate multifamily community in Fort Myers, Florida.
Grand Central Apartments will consist of two four-story elevator buildings and two three-story walk-up buildings, comprised of 280 one- and two-bedroom luxury-appointed units and high-end community amenities. The property is located within the Cleveland Avenue Redevelopment Area, which the city has targeted for commercial and mixed-use development. (more…)
Love Funding closed a $26.3 million loan for the construction and permanent financing of Garden Valley Apartments, a market-rate multifamily community in Waxahachie, Texas, a suburb of Dallas. Garden Valley will consist of eight three-story walk-up buildings with 213 one- and two-bedroom units and high-end finishes and amenities including a resort-style pool and attached garages. The project design received a Statement of Energy Design Intent (SEDI) score of 90 out of 100 and will meet the Green MIP requirements through the National Green Building Standard Program, affording the project the benefit of the lower mortgage insurance premium rate of 25 basis points. (more…)
Are you considering a refinance of your multifamily loan?
If so, you’ve come to the right place! We have taken a look at two of our most popular multifamily refinance options: an interest rate reduction and FHA 223(a)(7). Each product has specific guidelines, but a simple comparison is below. For a more in depth analysis of these programs, click here.
Love Funding is proud to be your FHA finance expert. Please don’t hesitate to contact a member of our team to see if these programs could work for you. (more…)
Do you have a HUD loan with a high interest rate? If so, you might consider taking advantage of the current market rates and refinancing your multifamily loan. While weighing this decision, it’s helpful to work with a knowledgeable team of mortgage experts and trusted financial advisors who can guide you in your decision-making process. (more…)
Love Funding closed a $24.2 million FHA-insured loan to provide construction and permanent financing for Moon Meadows Apartments, a market-rate apartment complex in Rapid City, South Dakota. The new community will offer 160 one-, two- and three-bedroom units in eight three-story garden-style buildings in the growing Rapid City Metropolitan Statistical Area (MSA). It will offer high-end amenities including climate-controlled hallways linking garages to unit entrances, a unique feature to provide protection during the Rapid City winters.
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Love Funding closed a $13.7 million loan for the construction and permanent financing of the second phase of Outlook Ridge, a market-rate multifamily community in Pueblo, Colorado. The new construction will consist of five three-story garden style buildings joining five similar apartment buildings constructed during the first phase of development in 2014. The new buildings will house one-, two- and three-bedroom apartments, and all 10 buildings will share high-end community amenities. (more…)
Love Funding closed a $22 million FHA bridge loan to build Preserve at Mountain Island, a new market-rate apartment complex in Charlotte, North Carolina. The new community will offer 240 one-, two- and three-bedroom units in 15 buildings in the northwest Charlotte suburb of Mountain Island. The area is named for a small island in Mountain Island Lake that once housed a cotton mill and now serves as a recreation and camping attraction. Preserve at Mountain Island will offer boat storage among other high end amenities. (more…)