Cambridge Realty Capital Companies reports providing a $3,240,000 HUD Lean loan to refinance Kadie Glen Assisted Living, a 62-bed assisted living facility located in Wenatchee, WA. Hymie Barber, Cambridge Realty Capital’s National Originations Manager, said the fully-amortized, 32-year loan was provided for the owner, a Washington limited liability company, using the HUD Section 232 pursuant to Section 223(f) 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.
Kadie Glen is located in a charming, quiet neighborhood close to shopping and other services and amenities. It offers spacious, pet-friendly living suites with kitchenettes and in-suite emergency call system, outdoor patios, on-site laundry, and 24-hour security. Kadie Glen arranges transportation to and from appointments and provides on-site activities and social opportunities for its residents.