ROBYN CUNNINGHAM OF LOVE FUNDING’S ST. LOUIS OFFICE SECURES $3,655,000 FOR THREE PROPERTIES IN MISSOURI

National mortgage-banking firm Love Funding today announced that its St. Louis office closed loans totaling $3,655,000 for two multifamily complexes and one healthcare facility in Missouri. Robyn Cunningham, vice president of Love Funding’s St. Louis office, originated the transactions.

Cunningham secured the first loan of $1,870,000, for Stonecrest Healthcare, a 60-bed skilled nursing facility located in Viburnum, Mo. The loan was insured through HUD under the 232/223 (f) program, and terms of the deal included a 6.15 percent interest rate and a 35-year amortization.

The additional funds were secured for two multifamily housing complexes in St. Louis, Mo. A $1,015,000 loan was closed for the 60-unit Villa St. Cyr Apartments, and a $770,000 loan was closed for the 44-unit Orchard Park Apartments. Both loans were secured by Love Funding with Fannie Mae financing and included a 6.29 percent interest rate with a 10-year term and 25-year amortization.

For more information, contact Robyn Cunningham at 314-512-7955 or visit www.lovefunding.com.

Love Funding is one of the Love Companies, an investment holding company with origins dating back to 1875. Love Funding commenced mortgage-banking operations in 1984 and serves clients across the United States from its offices in Atlanta, Boston, Cleveland, Dallas, Denver, Detroit, Knoxville, New York, Palm Beach, St. Louis and Washington D.C. The company offers refinance, construction, and acquisition financing programs for multi-family, retail, office, industrial, hospitality, senior housing, healthcare facilities, and special purpose properties. Love Funding’s lending sources include CMBS firms, life companies, FNMA, FHLMC and FHA.      

Julie Hauser/Pamela Powell
The Hauser Group
314.436.9090

Or

Robyn Cunningham
Love Funding
314-512-7955