Cambridge Realty Capital Companies reports arranging a $16,800,000 HUD Lean loan to refinance the New Vista Post Acute Care Center located in Los Angeles, CA. Jeffrey A. Davis, Cambridge Chairman, said the fully-amortized, 26-year loan was arranged for the owner, a California limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
New Vista Post Acute Care Center is a 116-bed skilled care facility. It provides comprehensive medical and rehabilitation programs which are physician-directed and staffed by experienced personnel.