Cambridge Realty Capital Companies reports arranging a $3,520,000 HUD Lean loan to refinance Country Gardens, a 48-bed assisted living facility, located in Muskogee, Oklahoma. Jeffrey A. Davis, Cambridge Chairman, said the fully-amortized, 35-year loan was arranged for the owner, a Missouri limited liability company, using HUD Section 232 pursuant to Section 223(f) funding program, which is used to refinance existing HUD 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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