LOVE FUNDING CLOSES $2.5M REFI FOR SAN JUAN APTS

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MONTROSE, COLO. — Love Funding has closed a $2.51-million loan refinancing for the 76-unit San Juan Apartments in Montrose. The loan was secured by Robyn Cunningham, a first vice president and senior originator at Love Funding, through the Federal Housing Administration’s 223(a)(7) loan insurance program. FHA mortgage insurance allowed the borrower to obtain a low, fixed interest rate with a 35-year self-amortizing term. All 76 of San Juan’s units receive Section 8 assistance.

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