LOVE FUNDING SECURES $5.4 MILLION FOR RAILSIDE LIVING CENTER

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BYRON CENTER, MICH. — Bruce Gerhart with the Cleveland office of Love Funding has originated a $5.4 million loan for Railside Living Center in Byron Center. The refinance loan was secured through a HUD 232/223(f) loan program for the assisted living and memory care facility, which features 95 units and 121 beds. Loan terms include a 6.05 percent interest rate and 35-year amortization.

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