Love Funding Provides $87.3M HUD Construction Loan for Apartment Complex Within Legacy West

by Taylor Williams

PLANO, TEXAS — Love Funding, a subsidiary of publicly traded lender Midland State Bancorp Inc., has provided a $87.3 million HUD loan for the construction of LVL 29, a high-rise apartment complex located within the Legacy West development in Plano. Leonard Lucas of Love Funding arranged the non-recourse loan, which is the largest construction loan ever issued by HUD in the Southwest region. The developer of LVL 29, NE Development, expects to deliver the property in May 2019.

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