CHICAGO, IL--Cambridge Realty Capital Companies has provided an insured $7.26 million first mortgage loan to refinance Community Nursing and Rehabilitation Center, a 153-bed skilled nursing home facility in Naperville, Illinois.Cambridge Chairman Jeffrey A. Davis said the HUD Section 232 pursuant to Section 223(f) loan was arranged for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, an FHA/MAP-approved HUD lender. Interest rate for the 30-year, fully-amortized loan was not disclosed.
Privately owned since its founding in 1983 as a real estate investment banker specializing in co
mmercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.
mmercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then. The company is one of the nation's leading HUD 232 FHA / MAP-approved lenders and also has an integrated debt / equity financing strategy that includes direct property acquisitions and joint ventures; sale / leasebacks for clients; conventional and mezzanine debt financing; and acquisition of distressed debt. Additionally, Cambridge offers a wide array of conventional lending options for senior housing / healthcare owners, including permanent construction and interim loans on eithe
r a floating or variable rate basis.
r a floating or variable rate basis. Cambridge is the creator of The Signature Experience™, a four-step process designed to transform the traditional lender / borrower relationship and identify “ideal” capital solutions for worthy projects. The company has created four separate processes for customer groups that are designed to build and enhance long-term relationship potential and speed the way loans are processed and closed.
Contact:
Evan Washington
Phone: (312) 521-7603
Fax: (312) 357-1611E-Mail: ew@cambridgecap.com
Cambridge Companies
(312) 357-1601
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