May 17, 2013
Senior centers secure $4.3M refi deal
The Washington, D.C.-based Love Funding announced this week it has closed on a $4.3 million refinancing deal for three senior care centers in Maine owned by North Country Associates Inc.
In a press release, Love Funding's Boston office announced it recently completed three loan refinancing deals for the Klearview Manor in Fairfield, Northland Living Center in Jackman and Sanfield Rehabilitation and Living Center in Hartland.
Love Funding secured loans to support the refinancing through a section of the U.S. Department of Housing and Urban Development's LEAN loan program that addresses housing for the elderly.
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