Cambridge Realty Capital Companies recently announced two FHA-insured HUD financing transactions for senior housing properties located in Illinois. Cambridge reported closing an $11.9 million FHA-insured HUD first mortgage loan to refinance St. Anthony’s Nursing and Rehabilitation Center, a 154-bed skilled nursing and board and care facility in Rock Island, Illinois and a $10.9 million FHA-insured HUD Lean mortgage loan to fund the purchase of Manor Court of Peoria, a 118-bed combination skilled nursing and assisted living property located in Peoria, Illinois.
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