JACKSONVILLE, Fla. — Love Funding has arranged a $19.7 million HUD loan for the construction and permanent financing of Anthem Lakes, a seniors housing community in Jacksonville.
Anthem Lakes will offer 117 licensed beds, of which 34 will be designated for memory care and 83 for assisted living. An additional 20 units are reserved for independent living.
The facility will be situated on 14.5 acres next to the Mayport Naval Base and Air Station, and will serve the veterans of Duval County.
Love Funding Senior Director Robyn Cunningham and Director Adrian Hartman secured the non-recourse financing for a 15-month construction period and a subsequent 40-year term.
David Kirkland, Carson McCall and Wayne McCall lead the community’s development team. Local builder Perry-McCall Construction will provide general contracting, design-build and construction management services.
Love Funding is an FHA lender based in Washington, D.C.