Review Mortgage Lenders

Love Funding Corporation

To RP Salazar, with Love

Funding provided by: The Corporation for Public Broadcasting National Endowment for the Arts In partnership with POV In January 2007, Rachel P ...

Senior Housing Finance Activity: Love Funding, NHI

Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia. 

Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation (FEARHC) as part of the Virginia Housing Development Authority (VHDA) affordable housing stock, according to a press release. The community required major facility upgrades and its existing rental assistance contract was scheduled to expire in 2017.

Love Funding Director Ann Bolen secured the $19 million loan through the VHDA, after securing a commitment from the U.S. Department of Housing and Urban Development’s (HUD’s) Rental Assistance Demonstration (RAD) program for a fresh 20-year Project Based Rental Assistance (PRBA) contract on 100% of the units. 

A large part of the proceeds from the new loan will finance a variety of property improvements, including a new roof, elevators, windows, heating and air-conditioning systems, and interior unit renovations.

Senior Housing Finance Activity: PointClickCare Raises $85 Million

PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO

PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round.

PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living and long-term post-acute care markets.

With this financing in place, PointClickCare plans to remain a private company—at least for now.

“We are not ruling out the public markets as a financing option to fuel future expansion,” PointClickCare founder and CEO Mike Wessinger said in a press release. “But our track record of successfully delivering sustainable growth has put us in an enviable position for any private technology company—to execute an IPO only when the market conditions offer the most favorable opportunity for our business, our customers and our investors. In other words, we can afford to wait until the timing is right for us.”

Why do liberal s Love a Wall Street hedge fund billionaire like George Soros but hate the Koch brothers?

Lets see, on one hand you have a man that intentionally destroys currency for personal gain and on the other hand you have owners of huge, job-creating private American corporation......

Why do liberals hate the good guys?