Cambridge Realty Capital Companies reports arranging a $3,372,900 HUD Lean loan to refinance Blythe Post-Acute Care Center, a 48-bed skilled care facility located in Blythe, California. Hymie Barber, Cambridge’s National Originations Manager, said the fully-amortized, 26-year loan was arranged for the owner, a California limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program, which is used to refinance existing loans. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
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