Cambridge Realty Capital Companies reports closing an $11.9 million FHA-insured HUD first mortgage loan to refinance St. Anthony’s Nursing and Rehabilitation Center, (top left photo) a 154-bed skilled nursing and board and care facility in Rock Island, IL.
Cambridge Chairman Jeffrey A. Davis (bottom right photo) said the fully amortized, 40-year term loan was arranged for the owner, an Illinois limited liability company. and included funds for rehabilitation costs.
According to Davis, St. Anthony’s has 130 skilled care and 24 board and care beds.
Contact: Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com
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