Cambridge has first closing of under HUD's Lean program: $4.2m

According to Cambridge Realty Capital Cos., the 83-bed Beaver Dam Nursing & Rehab Center is the first nursing home facility to be refinanced by the company using HUD's new Lean funding process. Cambridge chairman Jeffrey Davis said a $4.2 million FHA-insured loan was arranged for the owner, a LLC, by Cambridge Realty Capital Ltd. of Illinois, the subsidiary that underwrites HUD loans for nursing home facilities. The fully-amortized 26-year first mortgage loan was underwritten utilizing HUD's Section 232 pursuant to 223(f) program, which is used to refinance existing HUD loans.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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