Love Funding Arranges $10.5M Construction Loan for Skilled Nursing Facility in Arizona

YUMA, ARIZ. — Love Funding has secured a $10.5 million bridge-to-HUD construction loan for a transitional rehabilitation facility in Yuma.

The 32,000-square-foot facility will offer 41 Medicare and managed care beds upon completion.

Love Funding’s Leonard Lucas secured the bridge loan through Love Funding’s parent company, Midland States Bank. This is the second bridge-to-HUD construction loan obtained through Love Funding for the developer-operator’s portfolio.