Cambridge Realty Capital Companies reports providing an $11,318,400 HUD-Insured loan to refinance Alden Lakeland, a skilled nursing facility located in Chicago, Illinois. Jeffrey A. Davis, Cambridge Chairman, said that a fully-amortizing, 35-year term loan was issued to the owner, an Illinois limited liability company. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
Alden Lakeland is a 300-bed facility devoted to skilled nursing care.
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