Cambridge Realty Capital Companies reports arranging a $28,880,000 HUD Lean loan to refinance Regency Park Fair Oaks, an assisted living facility located in Pasadena, CA. Hymie Barber, the National Originations Manager for Cambridge and the Managing Director of Catalyst/Cambridge Health Care Finance in Los Angeles, said the fully-amortized, 33-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.
Regency Park Fair Oaks is a 130-bed senior assisted living facility. It provides a range of services and amenities, including dining and regular activities.