Love Funding Lends in Lexington

Ken Charbauski of Love Funding secured a HUD refinance for a 42-unit assisted living/memory care community in Lexington, North Carolina. This community, which features both private and shared units, is part of the state’s Medicaid home- and community-based services waiver program. Its family owner, Southland Real Estate, successfully refinanced its previous floating-rate debt with the […]

Love Funding in the Last Frontier

Love Funding secured financing for the Last Frontier’s newest assisted living community. Located in Anchorage’s U-Med district (and less than two miles from three hospitals), the community is being purpose-built by Baxter Senior Living as a high-end assisted living option for Alaskans. Along with 63 private AL and 33 private and semi-private memory care units, […]

Love Funding Lends a Hand

Love Funding and a family-owned care provider continued their successful partnership together, with Love helping the business refinance their assisted living community in Toms River, New Jersey. With 35 years of experience developing and operating senior care communities in New Jersey, the family has worked with Love for some 15 years. It opened its 79-unit […]

Love Funding Fuels Senior Living Construction Project

James Vanar of Love Funding arranged a $6.8 million bridge loan for a new assisted living/memory care development in South Jordan, Utah. Giza Development leads the team, including Stout Construction and Primera Group, developing the 62-bed community, which will be operated by SAL Management Group. Midland States Bank, the parent company of Love, provided what […]

Phoenix rises

There has been an uptick in seniors housing and care construction in the Phoenix area in just this year. First, Mainstreet announced its first development in the state of Arizona, breaking ground in mid-February on its 94-bed skilled nursing/assisted living facility at a cost of $21.9 million, or $233,000 per bed. The facility also is […]

Ferguson gets some Love

A skilled nursing/assisted living facility in Ferguson, Missouri recently refinanced with the help of Washington D.C.-based lender, Love Funding. The facility is owned by Christian Woman’s Benevolent Associates, a not-for-profit founded in 1911 at first to care for impoverished mothers, then expanding the provide care for all those in need. The facility, which includes 150 […]