Love Funding

Love Funding is a national full-service commercial mortgage-banking firm. As a direct lender and financial intermediary, Love Funding offers loan placement services for borrowers, as well as origination, consulting and servicing for loans for investors nationwide.

 

Love Funding In The News

  • Dwight Capital Acquires Love Funding
    The HUD market seems to be the steadiest in the senior care lending world since the onset of COVID-19, after a few hiccups and delays earlier this year. Recently, there was a shake-up in the lending market, as Dwight Capital acquired Love Funding, the HUD lending subsidiary of Midland States... Read more
    Published on: September 03, 2020 By Ben Swett
  • Love Funding Closes Puerto Rico Financing
    Leonard Lucas of Love Funding headed down to sunny Guayama, Puerto Rico to close a HUD financing for the acquisition of a 60-unit age-restricted, Section 8 apartment complex. Featuring two, two-story buildings, the community is entirely covered under a new project-based Section 8 HAP contract secured by the buyer... Read more
    Published on: August 07, 2020 By Ben Swett
  • Love Funding Takes Out Bridge Loan
    Eric Forguson of Love Funding helped the owner of a senior care campus in Arnold, Missouri (St. Louis MSA) take out bridge debt on the property and replace it with a $12.9 million HUD refinance. Built in phases over the last 30 years, most recently adding a 52-unit assisted living... Read more
    Published on: May 19, 2020 By Ben Swett
  • Love Funding Secures HUD Construction Financing For New Jersey Projects
    Love Funding arranged financing for the construction of two new senior apartment buildings in Paterson, New Jersey. Love’s Leonard Lucas (say that five times fast) secured the HUD loans which totaled $55.6 million and came with low rates for the duration of construction and for a subsequent 40-year... Read more
    Published on: March 02, 2020 By Ben Swett
  • People on the Move, January 2020
    There were a few high-profile moves in the senior care world in the last month. JLL announced the addition of a new advisory and investment transaction services practice, to be led by Deborah Street. Coming from CBRE, where she was previously the Vice President of the National Senior... Read more
    Published on: January 09, 2020 By Ben Swett

Leonard Lucas

1207_llucasSenior Director, Love Funding

Leonard A. Lucas, Senior Director, Love Funding. Mr. Lucas joined Love Funding in 1998 and is based in Boston, Massachusetts. As senior director, he has consistently been named a top producer for Love Funding. Mr. Lucas originates direct loans for Love Funding in its capacity as an FHA MAP and LEAN lender. He also advises borrowers in all sectors of the senior housing industry: age-restricted apartments, independent living, assisted living and skilled nursing as to the type of financing vehicle best suited to meet the borrower’s immediate needs. In those situations where an FHA execution is not the most appropriate, he relies upon his extensive knowledge of senior housing financing vehicles and lenders to place the loan with the appropriate lender.
Mr. Lucas is an executive board member of the American Senior Housing Association and serves as an advisory board member to NIC’s Skilled Nursing Investment Forum. He has thrice been featured as a speaker at the LTC 100 and the NIC Skilled Nursing Investment Forum. Mr. Lucas has won the Love Cup twice during his tenure at Love Funding, an honor awarded to the top producing originator each year. He also originated the largest loan in Love Funding’s history for Atrium Healthcare. Mr. Lucas is a member of the Massachusetts Bar and holds a J.D. from the New England School of Law and a Bachelor of Arts (economics) from Kenyon College.