Cambridge Done Deals

2009

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 $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.
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 provided a $5.7 million HUD Lean loan to refinance Villa St. Francis, a 170-bed skilled nursing home in Olathe, KS. Chairman Jeffrey A. Davis said the fully-amortized, 27-year term loan was arranged for the owner, a Kansas limited liability company. The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in HUD financing. Davis said the property was refinanced using HUD's Section 232 pursuant to Section 223(f) funding program. The interest rate was not disclosed.
An $8.6 million HUD Lean Loan arranged by Cambridge Realty Capital Companies has refinanced Centralia Manor, a 120-bed skilled care nursing home in Centralia, Ill. Chairman Jeffrey A. Davis said the fully-amortized, 35-year term first mortgage loan was arranged for the owner, an Illinois limited liability company. Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites FHA-approved HUD loans, used the HUD 232 pursuant to Section 223(a)(7) funding program to refinance the property. The interest rate was not disclosed.
Cambridge Realty Capital Companies has provided a $5.2 million HUD Lean loan to refinance the Lakeland Rehabilitation and Healthcare Center, a 133-bed skilled nursing facility in Effingham, Ill. The fully amortized, 30-year term first mortgage loan was arranged for the property's owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the loan was 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 $9.04 million HUD Lean loan to refinance Brittany House, a 126-bed assisted living facility in Long Beach, Calif. Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 34-year term loan was coordinated by National Originations Manager Hymie Barber for the property's owner, a California limited liability company. Underwriting was by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites FHA-insured HUD loans. The lender used the HUD Section 232 pursuant to Section 223(f) funding program to refinance the loan. The interest rate was not disclosed.
Cambridge Realty Capital Companies has arranged a $4.5 million FHA-insured HUD Lean first mortgage loan to refinance Summer Meadows, a 115-bed skilled nursing facility in Longview, Tex. Cambridge Chairman Jeffrey A. Davis says the fully-amortized, 29-year term loan was refinanced using the HUD Section 232 pursuant to Section 223(f) funding program. The interest rate was not disclosed. Davis says the loan was arranged for the property's owner, a Texas limited liability company, by Cambridge National Originations Manager Hymie Barber. It was underwritten Cambridge Realty Capital Ltd. of Illinois, the Cambridge business unit that underwrites HUD Section 232 loans.
Cambridge Realty Capital Companies has provided a $7.6 million FHA-insured HUD mortgage loan to refinance Huntington Retirement Hotel, a 155-bed assisted living community in Torrance, Calif. Cambridge Chairman Jeffrey A. Davis says the transaction was coordinated by Hymie Barber, the company's national origination manager. It was underwritten for the owner, a California limited partnership, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites HUD Section 232 loans. Davis said the fully-amortized, 28-year term loan was financed using HUD's 223(a)(7) program for owners with existing HUD financing. The interest rate was not disclosed.
Cambridge has provided a $3.9 million HUD first mortgage loan to refinance the Cahokia Nursing and Rehabilitation Center, a 150-bed skilled care nursing facility in Cahokia, Ill. Cambridge Chairman Jeffrey A. Davis said the fully amortized, 35-year term 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. This program is for owners refinancing an existing HUD loan. The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the company's HUD underwriting business. The interest rate was not disclosed.