Cambridge Realty Capital completes $8.6 million loan for 99-bed skilled-care facility

Cambridge Realty Capital Companies closed an $8.6 million FHA-insured HUD Lean mortgage loan for Apple Valley Christian Care Center, a 99-bed skilled-care nursing facility. Cambridge chairman Jeffrey Davis said the fully-amortized, 28-year term loan was arranged for the owner, a California not-for-profit corporation, using HUD's Section 232 pursuant to Section 223(f). The interest rate was not disclosed. Underwriting the loan was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites HUD loans. The transaction was coordinated by national origination manager Hymie Barber and was processed in the "Green Lane," a special queue created by HUD to more swiftly process low-risk 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

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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

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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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