Cambridge Realty Capital Companies reports providing a $5,323,500 HUD-Insured loan to refinance Crystal Pines Rehabilitation and Health Care Center, a skilled nursing facility located in Crystal Lake, Illinois. Jeffrey A. Davis, Cambridge Chairman, said that a fully-amortizing, 24-year term loan was issued to the owner, a Missouri limited liability company. The loan was underwritten in December 2016 by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
Crystal Pines is a 114-bed facility devoted to skilled nursing care.
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