High Quality SNF Refinances with Cambridge Realty Capital Companies
A skilled nursing facility with an array of post-acute services just refinanced through HUD with the help of Cambridge Realty Capital Companies. Located in Madison, New Jersey, the 102-bed facility is situated across the street from Drew University and about three miles from Morristown Memorial Hospital. It provides IV therapy, tracheostomy care, wound care, stroke care, orthopedic and trauma rehab, pain management and physical therapy in a combination of private and semi-private rooms. There is also concierge service, restaurant-style dining and an on-site beauty/barber shop, plus other amenities. Those bells and whistles don’t directly improve care quality, but they certainly help in... Read More »
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. Read More »Cambridge Replaces Bridge Loan at Illinois Skilled Nursing Facility
Cambridge Realty Capital Companies returned to Glenview, Illinois to retire the original bridge loan it provided for a 144-bed skilled nursing facility with a HUD refinance. The previous financing, consisting of a $20 million bridge loan and a $1 million asset-based loan, was provided in November 2017 to an Illinois LLC to acquire the facility, which provides skilled nursing, wound, colorectal and respite care, along with a Progressive Supranuclear Palsy support group. Now, just 13 months later, Cambridge is refinancing the facility with a $21.2 million HUD loan, with a 35-year term. Read More »
Cambridge’s Cahokia Closing
Cambridge Realty Capital Companies provided a $3.9 million HUD loan to refinance the a 150-bed skilled nursing facility in Cahokia, Illinois. The fully amortizing, 35-year term loan was arranged for the property’s owner, an Illinois limited liability company, and the interest rate was not disclosed. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
