Cambridge Realty Capital Companies reports arranging a $4,697,200 HUD Lean loan to refinance The Californian, a 65-bed skilled nursing care facility, located in Pasadena, California. Hymie Barber, Cambridge National Originations Manager, said the fully-amortized, 30-year loan was arranged for the owner, a California limited liability company, 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.
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