Cambridge Realty Capital Companies provided a $7.8 million HUD Lean loan to refinance Alden Princeton Rehabilitation and Health Care Center of Chicago, IL, a 225-bed skilled care nursing facility, ABL Advisor reports. The fully-amortized, 40-year loan was provided for the owner, an Illinois limited liability company 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.
Alden Princeton Rehabilitation and Health Care Center is a skilled nursing facility, one of several facilities under the Alden umbrella in the Chicago area. Read more.
