BRUCE GERHART OF LOVE FUNDING SECURES $2,981,500 MILLION LOAN FOR WOODLAWN MEADOWS IN HASTINGS, MI

National mortgage-baking firm Love Funding today announced that Bruce Gerhart, Midwest Regional Manager at the firm`s Cleveland office, secured a $2,981,500 million refinance loan for Woodlawn Meadows, an assisted living and memory care facility located in Hastings, Mich.

The 154,202-square-foot Woodlawn Meadows consists of 40 beds and an additional 30,288 square feet of surrounding land area. The terms of the deal include permanent financing under the HUD 232/223(f) loan program, a fixed interest rate of 6.1 percent and a 35-year amortization. Love Funding has closed $18,403,700 in other loans for the borrower to date.

For more information, contact Bruce Gerhart at (216) 583-0812, 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 multifamily, affordable housing, senior housing, healthcare, hospitality, office buildings, retail, light industrial, and special purpose properties. Love Funding`s lending sources include CMBS firms, life companies, banks, credit companies, FNMA, FHLMC and FHA.

Julie Hauser/Pamela Powell
The Hauser Group
314.436.9090

or

Leonard Lucas
Love Funding
617.638.0055