Saturday, October 11, 2008

Cambridge Provides $8.9M Conventional Loan to Fund Harlee Manor in Springfield, PA


CHICAGO, IL--Cambridge Realty Capital Companies has provided a five-year $8.9 million conventional first mortgage loan to refinance Harlee Manor (top right photo) , a 169-bed assisted living and skilled nursing facility in Springfield, PA.

Cambridge Chairman Jeffrey A. Davis (top left photo) said the five-year loan was provided with cash-out for the property’s owner, Hardie Beloff of the Sproul Manor Partnership of Springfield.

The loan was amortized over 30 years with an interest rate of 6.75 percent.

Contact: Evan Washington, Phone: (312) 521-7603. Fax: (312) 357-1611. E-Mail: ew@cambridgecap.com

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