Cambridge Realty Capital is consistently ranked among the country’s top five FHA-insured HUD lenders. Cambridge has been active in HUD Lean lending this quarter, reinforcing our reputation as a leader in HUD Lean financing. One of the company’s latest transactions involved arranging a $12,270,900 HUD Lean loan for the refinancing of Knolls West Post-Acute in Victorville, California. The loan was arranged using the HUD Section 232 pursuant to Section 223(f) funding program. Knolls is a skilled nursing care facility with 116 beds devoted to skilled nursing, and 57 beds devoted to assisted living. The community specializes in post-acute care.
Also completed this quarter, Cambridge arranged a $7,710,000 HUD Lean Loan for the refinancing of Lamar Court Assisted Living Community, a skilled care nursing facility in Overland Park, Kansas. The fully-amortized, 32-year loan was arranged for the Missouri company using the HUD Section 232 pursuant to Section 223(f) funding program. The assisted living community holds 86 beds and offers a variety of services including medical care, meals, and community activities.
Cambridge Realty Capital also reports arranging a HUD Lean loan to refinance Spring Valley Post-Acute in the amount of $12,472,400. According to Hymie Barber, Cambridge National Origins Manager, “the fully-amortized, 30-year loan was arranged for the owner, a California limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program.” The community has 125 beds and specializes in post-acute care, offering 24-hour on-site care.
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Cambridge Realty Capital has extensive experience and expertise working with HUD loans. For any questions regarding HUD or any other senior living finance and capital inquiry, contact us today. Our experts are standing by to assist you through the lending process.