Cambridge Realty Capital Companies reports providing a $16,305,100 HUD Lean loan to refinance Anberry Transitional Care, a 72-bed skilled nursing care facility, located in Merced, California. Jeffrey A. Davis, Cambridge President, said the fully amortized, 35-year loan was provided for the owner, a California limited partnership, using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.
Anberry Transitional Care provides short-term rehabilitation and living for those recovering from illness or surgery. It offers suites with private restrooms, nutrition services, therapy and physical therapy services, a physical therapy center, two restaurant-style dining venues, courtyard dining facilities, plus an on-site beauty salon. Skilled care is available 24 hours per day.
