Two cheers for Cambridge

Cambridge Realty Capital Companies closed nearly $25 million in HUD refinancings for two senior care properties in the Chicago area. Both were Alden Management Services facilities, two of 46 owned by the senior care provider mainly around Chicago and a couple in Wisconsin. A 121-bed assisted living community in Aurora received a $13.58 million loan with a 35-year term. In Chicago, a 300-bed skilled nursing facility refinanced with an $11.3 million loan, also for 35 years. Cambridge Realty Capital Ltd. underwrote both transactions.

 

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