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Brokerage
Posted: January 11, 2010
Cambridge Realty provides $13.4 million HUD Lean loan
Cambridge Realty Capital Companies has provided a $13.4 million FHA-insured Lean first mortgage loan to refinance Astoria Nursing and Rehab Center, a 218-bed skilled nursing home facility.The transaction was coordinated by national origination manager Hymie Barber of Catalyst/Cambridge Healthcare Finance, the company's west coast affiliate. It was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge subsidiary responsible for underwriting HUD section 232 loans.
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