Cambridge Realty Capital Companies reports arranging a $5,275,700 HUD Lean loan to refinance the Broomfield Skilled Nursing Care and Rehabilitation Center located in Broomfield, Colorado. Jeffrey A. Davis, Cambridge Chairman, said the fully-amortized, 35-year loan was arranged for the owner, a Colorado limited partnership, using HUD Section 232 pursuant to Section 223(a)(7)funding program, which is used to refinance existing HUD loans. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
Broomfield Skilled Nursing Care and Rehabilitation Center is a 210-bed skilled care nursing facility. The facility provides short-term rehabilitation services, wound care, hospice care, respite care. Broomfield Skilled Nursing and Rehabilitation Center is staffed 7 days a week with Registered Nurses, Licensed Practical Nurses and Certified Nursing Assistants.