Apartment Project Lending

Multi-family Apartment Lending

Through our MAP lending correspondant program our clients are provided access to a full range of multifamily financing options that can be arranged on either a short or long-term basis with a variety of lenders. Our lender relationships can accommodate requests for various projects (apartments to manufactured housing parks) at differing stages, including:

Construction, renovation or rehabilitation, acquisitions

  • Repositioning of sub-performing properties under new ownership and management
  • Lease-up of partially stabilized projects
  • Short or long-term refinancing of existing debt

Our financing partners include investment and commercial banks, insurance companies, pension funds, credit companies, Fannie Mae and Freddie Mac lenders. As an approved Multifamily Accelerated Processing (MAP) lender, Love Funding has been authorized by HUD to originate, underwrite and close FHA insured loans through HUD for both for-profit and not-for-profit borrowers. The firm consistently ranks in the top-10 loan volume producers among FHA MAP-approved lenders. A GNMA approved Seller Servicer, Love Funding or its affiliate, Heartland Bank, services all FHA loans after closing. Properties can have subsidized or market rate rents.

Our cleints also can be  provided the advantage of tax-exempt and taxable bond financing capabilities that can be further supported with tax credits and subordinated debt options.

Recent MAP lender projects

 Project Name

Location

L/A ($000) 

Financing

 • Crystal Falls Apts  Houston, TX  $5.525 223(f)
 • Palestine Gardens  Kansas City, MO  $1.884 202/223(f)
 • Sterling Lake  Sterling Hgts., MI  $ 7.327 207/223(f)
 • Vill. at Secret Lake  Kissimmee, FL  $47.213 221(d)(4)
 • Apts. at Iron Ridge   Elkton, MD  $9.626 Fannie Mae
 • Lake Broadway T.H.  Columbia, MO  $4.266 223(f)
 • Apollo Village   Colo. Springs, CO  $9.402 223(f)
 • Whispering Pines Apts.  Lake Charles, LA  $4.532 223(a)(7)
 • Muskingum Arc Apts.  Zanesville, OH  $0.701 207/223(f)
 • Maple Manor Apts.  Independence, MO  $1.107 223(f)
 • Rock Creek Terrace  Rockville, MD  $35.116 223(f)
 • Arbor Pointe  Colo. Springs, CO  $3.975 223(f)
 • Forrest Acres   Columbia, TN  $1.309 207/223(f)
 • Colonial Village  Columbia, TN  $1.097 207/223(f)
 • Potomac Place  Woodbridge, VA  $5.201 223(a)(7)
 • Knollcrest Manor  Sparta, TN  $0.998 207/223(f)
 • Charleston Square Apts.  Johnson City, TN  $2.295 207/223(f)
 • La Sierra Apts.  New Braunfels, TX  $11.197 221(d)(4)
 • Vista Del Mar Apts.  Fajardo, PR  $1.278 223(a)(7)
• Ridgedale Apts. Avon Park, FL   $1.043 223(a)(7)
 • Highland Crest Apts.  Toledo, OH   $0.358 223(a)(7)
 • Westridge Apts.  Jacksonville, FL  $27.091 221(d)(4)
 • Villa Esperanza Apts.  Wyoming, MI  $1.404 202/223(f)
 • Capital Gardens Apts.  Lansing, MI  $0.927 202/223(f)
 • Elmdale Apts.  Grand Rapids, MI  $0.705 202/223(f)
 • Forest Hall Apts.  Carbondale, IL  $1.093 Conduit
 • Orchard Park Apts.  St. Louis, MO  $0.770 Fannie Mae
 • Villa St. Cyr Apts.  St. Louis, MO  $1.015  Fannie Mae
 • Plaza Apts.  Statesville, NC  $1.670 223(a)(7)/221(d)(4)
 • Casa Edad De Oro Apts.  Hartford, CT  $2.442 202/223(f)
 • Alco Apts  Scottsville, KY  $0.472 223(a)(7)
 • Gran Signora Manor  Ashtabula, OH  $1.627 202/223(f)
 • Spring Valley Apts.  Caspian, MI  $1.175 202/223(f)
 • No. Wash. Park Manor  Chicago, IL  $3.168 202/223(f)
 • Veterans Villa Apts.  Saybrook, OH  $1.139 202/223(f)
 • Gateway Accessible Housing  Spanish Lake, MO  $2.344 202/223(f)
 • The Concord Portfolios  North and South Carolina  $72.00  Conventional