December 6, 2012
A Cambridge Closing: Appleton Retirement Community In Wisconsin
Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 35-year term loan was refinanced for the borrower, a Wisconsin limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program.
The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in HUD financing. The interest rate was not disclosed.