Friendly Sale Followed By HUD Financing

Cambridge Realty Capital Companies arranged $28.4 million in HUD financing for a portfolio of three skilled nursing facilities in Ohio, but the road to closing was more complicated than usual. Located in the towns of Niles and Milan, these facilities were put up for sale by their long-time real estate owner/operator. However, during the marketing […]

Cambridge Realty Capital Completes Illinois HUD Refinance

After Cambridge Realty Capital Companies announced that it funded a $32.75 million acquisition loan through HUD for a 211-unit affordable seniors housing property in Baltimore, Maryland, the firm followed up by refinancing a 162-bed skilled nursing facility in Glenwood, Illinois, also going through HUD. The owner, an Illinois limited liability company, obtained an $11.6 million […]

Cambridge Realty Capital Assists In Illinois SNF Sale

Cambridge Realty Capital Companies recently assisted a skilled nursing operator to exercise its purchase option on a 192-bed skilled nursing facility in Glenview, Illinois, with the help of a $20 million bridge loan, plus a $1.0 million asset-based loan to fund the deal. The borrower had taken over operations at the nearly 30-year old facility […]

From Coulterville to California for Cambridge Realty Capital Companies

Cambridge Realty Capital Companies closed a couple of transactions for clients across the country. First up, in Coulterville, Illinois, the Cambridge team arranged a $3.76 million HUD refinance for a 71-bed skilled nursing facility. The owner, a Missouri LLC, received a 35-year, fully amortized term. Then, a California LLC received a $3.7 million HUD loan, […]

Build with HUD

The owner of a skilled nursing facility in Gibonsburg, Ohio is planning an addition to its 99-bed property, but also wanted to refinance its existing debt. So, they went to Cambridge Realty Capital Companies, which provided a $5.266 million HUD loan. That financing included both a six-month construction loan and a 34-1/2-year fully-amortizing permanent loan, […]

A couple more closings for Cambridge

A month after refinancing two skilled nursing facilities in the Chicago area owned and operated by Alden Management Services, Cambridge Realty Capital Companies did it again, but for two other facilities. The first, a 217-bed facility in Hoffman Estates, Illinois, received a $9.155 million HUD loan with a 29-3/4-year term. A 207-bed facility in Bloomingdale, […]

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 […]