REBusinessOnline

Love Funding Provides $4.7M Refinancing for Age-Restricted Community in Bartlett, Illinois

Victory Centre of Bartlett Senior Apartments is reserved for residents 55 and older.

BARTLETT, ILL. — Love Funding has provided a $4.7 million HUD loan for the refinancing of Victory Centre of Bartlett Senior Apartments. Built in 2007, the 104-unit property is dedicated to residents 55 and older. Amenities include a library, dining area, clinic, salon and fitness center. Ken Charbauski of Love Funding secured the loan through HUD’s 223(f) loan insurance program. The nonrecourse loan will be used to pay off the existing loan and fund some minor repairs to the property.

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