News:
Brokerage
Posted: October 7, 2011
Cambridge provides $8.6 million HUD Lean Loan
An $8.6 million HUD Lean Loan arranged by Cambridge Realty Capital Cos. has refinanced Centralia Manor, a 120-bed skilled care nursing home. Chairman Jeffrey Davis said the fully-amortized, 35-year term first mortgage loan was arranged for the owner.
Cambridge used the HUD 232 pursuant to Section 223(a)(7) funding program to refinance the property. The interest rate was not disclosed.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group sells 120 Forsyth St. for $1.35 million
Manhattan, NY Investment Property Realty Group (IPRG) closed the sale of 120 Forsyth St., a mixed-use building located in the Lower East Side section of the city, for $1.35 million.
Quick Hits
 (2).gif)
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)