CHICAGO, IL--Cambridge Realty Capital Companies has arranged a $10.5 million FHA-insured HUD loan to refinance and provide funding for construction and substantial rehabilitation at Alden Wentworth, (top right photo) a 300-bed skilled nursing home located in Chicago.
Chairman Jeffrey A. Davis (middle left photo) said the 40-year term loan was funded using HUD’s Sectio
n 232 program. The loan was underwritten for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, an authorized FHA/MAP-approved lender. The interest rate was not disclosed.Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial 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.
Contact:Evan Washington, Phone: (312) 521-7603. Fax: (312) 357-1611
E-Mail: ew@cambridgecap.com
For additional information, contact Cambridge at (312) 357-1601 or via e-mail at info@cambridgecap.com.
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