Cambridge Refinances Texas Senior Living Community

Cambridge Realty Capital Companies arranged a HUD refinance of an assisted living/memory care community in Sherman, Texas. Built in 1982 and featuring 49 units, the community is owned by a Texas limited liability company, but according to our M&A database, it was last acquired in 2015 by a non-traded REIT. At the time it was 98% occupied and was purchased for $5.2 million, or about $106,100 per unit.

The community is now being refinanced by a $4.645 million HUD loan with a 30-year term.

 

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