Cambridge Realty Capital Companies Chairman Jeffrey A. Davis reports the company closed 12 HUD loans totaling more than $144 million in 2015.
The largest loan of $24.9 million refinanced Meadowbrook Manor of La Grange, a 113-bed skilled nursing home facility in La Grange, Ill. The smallest transaction was a $2.3 million loan that refinanced Prairie Village Healthcare Center in Jacksonville, Ill.
In 2015, the company completed transactions in six states including Illinois, California, Ohio, Wisconsin, Iowa and Kansas.
Cambridge is one of the nation’s leading senior housing/healthcare lenders and has ranked among the top five HUD 232 lenders since the start of this century, Mr. Davis said. In 2013 the company closed HUD loans totaling $450.1 million in HUD’s biggest year ever.