Friday, October 3, 2008

Cambridge Provides $3.1M Insured Loan to Refinance Hannibal, MO Nursing Home


CHICAGO, IL--Cambridge Realty Capital Companies reports it has provided a $3.1 million FHA-insured permanent first mortgage loan to refinance Willow Care Center, (top right photo) a 111-bed skilled nursing home facility in Hannibal, Mo.

The loan was arranged for the property’s owner, a Missouri limited liability company, by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business unit that underwrites HUD Section 232 healthcare loans. Interest rate for the fully-amortized, 30-year term loan was not disclosed.
Contact: Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611

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