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LOS ANGELES — Love Funding has arranged a $4.54-million loan refinancing for the 62-unit Hollywood Gardens apartments in Los Angeles. The loan was arranged by Tammy Tate, a vice president out of Love’s Knoxville, Tenn., office, who utilized the Federal Housing Administration’s 223(a)(7) loan program. This enabled the owners to lock in a lower, fixed interest rate and extend the terms of its nonrecourse loan to 35 years, generating more than $50,000 in annual debt service savings.The Section 8 apartment complex was originally built in 1929 and underwent a major renovation in the 1980s.