Cambridge Realty Capital Companies reports closing an $11.9 million FHA-insured HUD first mortgage loan to refinance St. Anthony's Nursing and Rehabilitation Center, a 154-bed skilled nursing and board and care facility in Rock Island, IL.

Cambridge Chairman Jeffrey A. Davis said the fully amortized, 40-year term loan was arranged for the owner, an Illinois limited liability company, and included funds for rehabilitation costs. It was underwritten by Cambridge Realty Capital Ltd. of Illinois utilizing HUD's Section 232 MAP funding program.

Cambridge Realty Companies reports closing a $12.9 million FHA-insured HUD first mortgage loan that has refinanced Alden Village North, a 128-bed skilled care pediatric facility in Chicago, IL.

Cambridge Chairman Jeffrey A. Davis said the fully amortized; 40-year-term loan was arranged for the property's owner, an Illinois limited liability company. The loan utilized HUD's Section 232 MAP funding program and also covered rehabilitation costs.

Cambridge Realty Capital Companies has closed a $10.9 million FHA-insured HUD Lean mortgage loan to fund the purchase of Manor Court of Peoria, a 118-bed combination skilled nursing and assisted living property located in Peoria, IL.

Cambridge Realty Capital Companies reports closing a $12.5 million FHA-insured first mortgage loan to refinance The Ponds, a 116-bed assisted living facility in Lincolnshire, IL.

Cambridge Chairman Jeffrey A. Davis said the loan was originated by mortgage broker and consultant Rick Lynn of RML Financial for the borrower, an Illinois limited liability company. The fully amortized, 33-year term loan was underwritten by Cambridge Realty Capital Ltd. of Illinois using HUD's Section 232 pursuant to Section 223(f) funding program.

Cambridge Realty Capital Companies has provided a $13.4 million FHA-insured Lean first mortgage loan to refinance Astoria Nursing and Rehab Center, a 218-bed skilled nursing home facility in Sylmar, Calif.

Cambridge Chairman Jeffrey A. Davis said the 33-year term loan was arranged for the owner, a California limited liability company, utilizing HUD's Section 232 pursuant to Section 223(f) funding program and the agency's new Lean application and loan approval process. The fully amortized loan included funds for rehab construction.

The transaction was coordinated by National Origination Manager Hymie Barber of Catalyst/Cambridge Healthcare Finance, the company's West Coast affiliate. It was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge subsidiary responsible for underwriting HUD Section 232 loans.

Cambridge Realty Capital Companies has provided a $19.8 million FHA-insured first mortgage loan to fund purchase of the 171-bed Manor Court of Peru skilled nursing and assisted living facility in Peru, Ill.

Cambridge Realty Capital Companies has provided a $15.9 million FHA-insured HUD 232 first mortgage loan to refinance Glenview Terrace Nursing Center, a 314-bed skilled nursing facility in Glenview, Illinois

Cambridge Realty Capital Companies says the 83-bed Beaver Dam Nursing & Rehab Center in Beaver Dam, Ky., is the first nursing home facility to be refinanced by the company using HUD's new Lean funding process.

Cambridge Chairman Jeffrey A. Davis said a $4.2 million FHA-insured loan was arranged for the owner, a Kentucky limited liability company, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge subsidiary that underwrites HUD loans for nursing home facilities.

Cambridge Realty Capital Companies reports the closing of $90.6 million of HUD-insured Section 232 loans to refinance a portfolio of 10 Intermediate and Skilled Care nursing facilities.  The 10 HUD-insured loans were closed and funded simultaneously to accommodate the payoff of a single credit facility.