LOVE FUNDING ARRANGES $1.1 MILLION MULTIFAMILY LOAN

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INDEPENDENCE, MO. — The St. Louis office of Love Funding has arranged $1.1 million in acquisition financing for Maple Manor Apartments, a 40-unit multifamily property located in Independence. The community is situated on 1.6 acres and receives HUD subsidies. Love Funding’s Harry Cheatham originated the loan, which carries a 6.4 percent fixed interest rate and a 30-year amortization schedule. The borrower was Prominent Properties; the lender was not disclosed.

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