Cambridge provides $5.2 million HUD Lean loan

Cambridge Realty Capital Cos. has provided a $5.2 million HUD Lean loan to refinance the Lakeland Rehab and Healthcare Center, a 133-bed skilled nursing facility. Cambridge chairman Jeffrey Davis said the fully amortized, 30-year term first mortgage loan was arranged for the property's owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the loan was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans. The interest rate was not disclosed.

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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.

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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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