CAMBRIDGE PROVIDES $15.3 MILLION LOAN FOR ILLINOIS SKILLED NURSING HOME

by admin

OTTAWA, ILL. — Cambridge Realty Capital Cos. has closed on a $15.3 million loan for Ottawa Pavilion in Ottawa. The new construction and permanent financing will benefit the 129-bed skilled-care nursing home. The 40-year loan was arranged for the owner, an Illinois-based limited liability company, by Cambridge Realty Capital Ltd. The fully amortized loan processed using HUD's Section 232 funding program.

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