At Cambridge Realty Capital, we consider ourselves deal-makers, and we strive to make deals that benefit our senior housing and healthcare properties. We’ve been successful, and, as a result, have a track record of clients that return time and again. (Check out our media center to understand more about why customers return.) The following are just a few of our recent closings to help you better understand our operations or help motivate you to take the next step in obtaining financing for your new project.
The Villa at Windsor Park
In December of 2014, Cambridge Realty Capital closed on a $24.4 million HUD 232/233(f) refinancing deal for this Chicago, Illinois based nursing and rehabilitation facility. Under new ownership, the Villa has renamed and repositioned itself as a luxury facility, more like a high-end hotel than a healthcare facility. This marketing strategy has been implemented across the board, from the facility’s website to its room design to the terminology it uses. The facility has placed an equally strong emphasis on the delivery of quality of care and has received a five-star rating from the Centers for Medicare and Medicaid Services. The Villa’s efforts have also resulted in enviable patient satisfaction rates.
Diakonos Portfolio
In November of 2014, a $10.3 million conventional refinancing deal closed for the Diakonos Portfolio, which consists of four different Oklahoma-based facilities: Heartsworth Center for Nursing & Rehab; Heartsworth House Assisted & Independent Living; North County Center for Nursing & Rehab; and North County Assisted Living. This deal is a great example of how financing for multiple facilities can be combined into a single deal, streamlining the process for the client.
Ottawa Pavilion
Cambridge Realty Capital helped this 129-bed skilled nursing facility begin a tradition of success by providing HUD Lean 232 new construction financing. By making smart decisions, like choosing Cambridge, and investing in desirable features like a memory care center, fitness center, and a state of the art therapy center, Ottawa Pavilionhas established itself as a reputable, desired skilled nursing facility. It was given a five star rating by US News and World Reports in 2014.
Chinatown Elderly Senior Apartments
In 1978, Cambridge Realty Capital provided a HUD-insured 232 construction loan for work on Chinatown Elderly Senior Apartments, a low-income senior housing project in Chicago. Over 30 years later, the apartments are still available to help provide housing to Chicago’s low income seniors. Why are we referencing such an old deal? Because we’ve been in the business a long time, and we’ve helped finance projects that have helped facilities and senior housing projects likewise stay in business for years. It’s one of the things that sets us apart from our competitors, many of whom have belatedly rushed to the senior housing and healthcare facility financing business because of growing opportunities in the area.
Financing Solutions for Your Facility
You may have noticed that the closings above span multiple states and involve an array of different types of facilities. Cambridge Realty Capital is a nationwide provider of senior housing and healthcare facility financing serving different types of borrowers and facilities. Contact us today to talk about your financing needs and how we can help.
