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Cambridge Realty Capital Companies reports closing a $7.7 million HUD Lean loan to refinance the Springfield Supportive Living Center, a 127-bed supportive/assisted living facility in Springfield, Ill.

Chairman Jeffrey A. Davis said the 40-year, fully-amortized loan was arranged for the property’s owner, an Illinois limited liability company, using HUD’s Section 232 pursuant to Section 223(a)(7) funding program. It was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes FHA-insured loans.

The interest rate was not disclosed.

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. 

Cambridge Realty Capital Companies has arranged a $4.4 million HUD Lean first-mortgage loan to refinance the Highland Nursing and Rehabilitation Center, a 162-bed skilled nursing home in Kansas City, Mo.

Cambridge Chairman Jeffrey A. Davis said the fully amortized, 30-year term loan was arranged for the borrower, a Missouri limited partnership. Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-approved loans, used HUD’s Section 232 pursuant to Section 223(a)(7) program to close on the property.

The interest rate was not disclosed.

Cambridge Realty Capital Companies has closed on a $2.48 million HUD Lean first-mortgage loan to refinance Fair Oaks Nursing and Rehab Center, a 78-bed skilled nursing home in South Beloit, Ill.

Cambridge Chairman Jeffrey A. Davis says the fully-amortized, 30-year term first-mortgage loan was arranged for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-approved 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 has closed on a $9.06 million HUD Lean first-mortgage loan for Seminary Manor, a 121-bed skilled care nursing home in Galesburg, Ill.

Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 35-year term loan refinanced the not-for-profit property for the owner, an Illinois limited liability company. Underwriting for the loan was Cambridge Realty Capital Ltd. of Illinois, the FHA-approved Cambridge business that specializes in underwriting HUD loans.

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