Love Funding recently secured a $6.2 million bank loan to refinance two assisted-living facilities.

Leonard Lucas, a Love Funding First vice president – senior originator based in Boston, originated the transaction.

Lucas represented the owner of the two facilities, which are under long-term leases to an unrelated operator.

The facilities are the 81-unit Summerville at Valley View in Garden Grove, Calif and the 87-unit Summerville at Tarzana in Los Angeles. Both facilities offer assisted living.

The purpose of the loan is to refinance existing debt. Lucas worked with the borrower for one year, helping the borrower explore all financing sources available until he found the vehicle most suited to the characteristics of the facilities, as well as the needs of the borrower, the firm said. Lucas and the borrower agreed upon fixed-rate, five-year bank financing.