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FED RAISES RATES AGAIN; APPETITE STILL STRONG FOR
HUD BACKED LOANS
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The Fed recently raised rates for the second time in 2018 and signaled that two additional rate hikes were expected before year-end. Committee members noted continued strength in the labor market, household spending and business investment, with a slight uptick in inflation. The Fed acknowledged that inflation is moving closer to the Fed's stated 2% target.
At Love Funding, we are in tune with the market movements throughout each business day in order to provide our borrowers with the information needed to lock their interest rate. As rates continue to rise, we have the ability to tap in to our large pool of investors in order to achieve a successful execution.
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EVERYTHING YOU NEED TO KNOW ABOUT
Not too long ago, modular construction was associated with a low quality, cheap, below standard product. But today the perception of modular construction is changing. Developers are embracing modular construction and its potential benefits for new housing projects. With today's tech advances, modular construction is now producing reliable, high-quality multifamily communities like never before. To learn more about the pros and cons of modular construction,
CLICK HERE.
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LEAN AT A GLANCE
10 THINGS YOU NEED TO KNOW
The FHA's Section 232 LEAN program for senior care facilities debuted ten years ago and was designed to meet the capital needs of senior housing and long-term-care facilities. Today it continues to serve as an important source of debt capital to the senior housing industry. To honor the program's 10th
anniversary, we've summarized 10 things you should know about the LEAN program.
CLICK HERE
to read 10 Things You Need to Know About the LEAN Program.
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RECENT LOAN CLOSINGS
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Grand Central Apartments
$40,605,000
Construction
Ft. Myers, FL
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Winfield Estates
$5,587,500
Refinance
Texarkana, TX
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Garden Valley Apartments
$26,352,000
Construction
Waxahachie, TX
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$2,475,000
Refinance
Galt, CA
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