$12.9 MILLION LOAN SECURED FOR PEDIATRIC FACILITY IN CHICAGO

CHICAGO — Cambridge Realty Cos. has closed a $12.9 million FHA-insured HUD first-mortgage loan for the refinancing of Alden Village North in Chicago. The skilled pediatric facility offers 128 beds. The fully amortized loan carries a 40-year term and utilized HUD’s Section 232 MAP funding program.