PulsePoints

Cambridge Realty Capital Companies reports closing a $13.3 million FHA-insured HUD Leanloan that refinanced Highland Manor of Elko, a 147-bed skilled nursing and assisted living facility in Elko, Nevada.

Chairman Jeffrey A. Davis said the fully-amortized, 35-year term mortgage was arranged for the owner, a Nevada limited liability company, using HUD’s Section 232 pursuant to 223(f) funding program. The transaction was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in FHA-insured HUD Lean loans.

Highland Manor of Elko has 112 skilled care and 35 assisted living beds. The interest rate on the loan was not disclosed.

A $5.1 million first mortgage loan to refinance the Rock Island Nursing and Rehabilitation Center, a 177-bed skilled care nursing home in Rock Island, Ill., has been arranged by Cambridge Realty Capital Companies.

Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term HUD Lean loan was arranged for the property’s owner, an Illinois limited liability company. It was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.

Cambridge used HUD’s Section 232 pursuant to Section 223 (a)(7) funding program. The interest rate for the loan was not disclosed.

Cambridge Realty Capital Companies reports closing on a $11.3 million HUD Lean loan to refinance Columbus Park Nursing and Rehabilitation Center, a 216-bed skilled nursing home in Chicago, Ill.

Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term loan was arranged for the property’s owner, an Illinois limited liability company. The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializing in underwriting FHA-insured HUD loans. The interest rate for the loan was not disclosed.

Cambridge Realty Capital reports closing on a $4.5 Million HUD Lean loan for the Bethany Healthcare and Rehabilitation Center, a 90-bed skilled nursing home facility in DeKalb, Ill.

Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 34-year term loan was arranged for the property’s owner, an Illinois corporation, using the HUD Section 232 pursuant to Section 223(a)(7) refinance program. The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans. The interest rate was not disclosed.

Cambridge Realty Capital Companies has provided a $7.2 million HUD Lean loan to refinance Rose Estates, an 80-bed assisted living facility in Overland Park, Kansas.

Cambridge Chairman Jeffrey A. Davis says the fully-amortized, 35-year term loan was arranged for the owner, a Kansas limited liability company, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.

The property was refinanced using the HUD Section 232 pursuant to Section 223(f) funding program. The interest rate was not disclosed.

Cambridge Realty Capital Companies reports arranging a $4.04 million HUD Lean loan to refinance The Pines Health Care Center, a 145-bed skilled nursing home in Lansing, Michigan.

Chairman Jeffrey A. Davis said the transaction was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in FHA-insured HUD Lean loans. The fully-amortized, 24-year term loan was arranged for the owner, a Michigan corporation.

The property was refinanced using HUD’s Section 232 pursuant to Section 223(a)(7) funding program. The interest rate was not disclosed. 

I want to share my thoughts and feelings regarding my internship at Cambridge Realty Capital Companies. It was a unique opportunity, allowing me to touch on many different aspects of business and finance, which I will elaborate on below.

Working at Cambridge was a wonderful experience, educational and enriching. During my employment I gained valuable knowledge of financial analysis by working on a variety of different transactions. I also had the opportunity to truly experience client interaction by directly communicating and building relationships with clients.

Cambridge is a very resourceful company where you can sharpen your capabilities and learn a lot about the senior housing and healthcare industry. Everyone at the company was always very friendly and helpful. It was a great pleasure to work as part of a very successful and special team.

What is unique about Cambridge is the ability within their internship program to take on real-world experiences. The job did not solely involve the old-fashioned connotations of an internship such as copying, filing, and getting coffee, but instead offered experience on real transactions by allowing me to speak with clients, address complex and challenging assignments, and expand my horizons and get a return on my investment of time. In fact, the experience at Cambridge may have served me better than some of the current classes I am taking at graduate school.

Without equivocation, I can highly recommend the internship program at Cambridge. Though it is a very competitive opportunity, it is well worth going through Cambridge’s thorough interview process because the resulting opportunity “at the end of the rainbow” is well worth it.

Selin Cebeci
Loyola University, MBA 2012