LOVE FUNDING ARRANGES $4.26 MILLION MULTIFAMILY LOAN

by admin

COLUMBIA. MO. — The St. Louis office of Love Funding has arranged a $4.26 million loan for Lake Broadway Townhomes, a 58-unit multifamily community located in Columbia. The property contains all two-bedroom townhomes; amenities include private patios, yards and a community pool. Love Funding’s Harry Cheatham originated the loan using the FHA 223(f) mortgage insurance loan program. The financing carries a 5.9 percent fixed interest rate and a 35-year amortization schedule. The borrower was Broadway Apartments LLC.

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