Cambridge Realty Capital Companies reports arranging a $4,100,000 HUD Lean loan to refinance Cabot Cove of Largo, a 63-bed assisted living facility, located in Largo, Florida. Jeffrey A. Davis, Cambridge President, said the fully amortized, 33-year 8-month loan was arranged for the owner, a Florida 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.
Cabot Cove of Largo is a state-of-the-art, pet-friendly assisted living facility with a focus on nutrition, health, and mental wellbeing. Cabot Cove of Largo offers a variety of room options based on a resident’s individual needs. On-site amenities include a hair and nail salon, library and gardens with walking paths. Cabot Cove of Largo provides activities and outings, spiritual care services and in-house therapy with Fusion Healthcare.
