SEASONS AT LA JOLLA REFINANCED FOR $3.83M

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LA JOLLA, CALIF. — Love Funding has closed a $3.83-million loan refinancing for Seasons at La Jolla, an assisted living facility. The transaction was secured through the FHA’s 223(a)(7) LEAN loan program, which is a streamlined refinance of an existing HUD loan. With this type of financing in place, the borrower was able to secure a 4.75 percent, fixed interest rate with a 32-year term. Artin Anvar, a vice president at Washington, D.C.-based Love Funding, secured the transaction for the 27-bed facility.

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