Cambridge Realty Capital Companies reports providing a $15,867,000 HUD-Insured loan to refinance Ottawa Pavilion, a skilled care nursing facility located in Ottawa, Illinois. Jeffrey A. Davis, Cambridge Chairman, said that a fully-amortizing, 37-1/2 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.
Ottawa Pavilion is a 129-bed facility devoted to skilled nursing care.
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