Hot Done Deal.
Cambridge Realty Capital Companies reports providing a $3,907,100 HUD Lean loan to refinance Summer Meadows, a 115-bed skilled nursing care facility located in Longview, Texas. Hymie Barber, Cambridge Realty Capital's National Originations Manager, said the fully amortized, 29-year loan was arranged for the owner, a New York limited liability company, using the HUD Section 232 pursuant to Section 223(a)(7) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
Why don't you contact Cambridge today to get the capital your facility needs? We're here for you with sound advice, so call us today at 312-357-1601 to discuss your transaction. Feel free to visit our blog, or check out our website to learn more about all of our services.