Cambridge Realty Capital Companies reports closing six HUD Section 232 loans totaling $61.6 million during the first half of 2016.
Cambridge is one of the nation’s leading senior housing/healthcare lenders, with more than $5.0 billion in closed transactions. The company has consistently ranked among the top FHA-approved HUD lenders in the country, Mr. Davis said.
For the first half of 2016, a $13.5 loan for Alden Gardens of Waterford, a 121-bed Assisted Living property in Aurora, Ill., was the largest loan amount. A $7.6 million loan to refinance the Alden Princeton skilled nursing facility in Chicago was the smallest.