LOVE FUNDING REFINANCES KNOXVILLE APARTMENT COMMUNITY

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KNOXVILLE, TENN. — Love Funding has secured $3.74 million in FHA 223(a)(7) funds for the refinancing of Londontown Apartments in Knoxville. The loan carries a 3.88 percent fixed interest rate and a 35-year amortization schedule. Tammy Tate of Love's Knoxville office arranged the loan on behalf of the borrower, OSM Investment Co. This is the third time Tate has helped the borrower refinance the property, and she was also responsible for helping the borrower arrange its original acquisition financing. Londontown Apartments contains 210 residences in a mix of one-, two- and three-bedroom units. Amenities include a fitness center, a swimming pool, lighted tennis courts, a picnic area, a car wash area and a clubhouse.

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