Barber of Cambridge negotiates $4.5 million loan

Cambridge Realty Capital Cos. has arranged a $4.5 million FHA-insured HUD Lean first mortgage loan to refinance Summer Meadows, a 115-bed skilled nursing facility. Cambridge chairman Jeffrey Davis said the 29-year term loan was refinanced using the HUD Section 232 pursuant to Section 223 funding program. He said the loan was arranged for the property's owner by Cambridge national originations manager Hymie Barber. It was underwritten Cambridge Realty Capital Ltd. of Illinois, the Cambridge business unit that underwrites HUD Section 232 loans.

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Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

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Cove Capital Investments continues to expand its Delaware Statutory Trust portfolio with the acquisition of its Cove San Antonio Multifamily 119 DST - a 170-unit multifamily community

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