$14m nursing aid.Cambridge Realty Capital Companies has provided a $14.6 million HUD-insured loan to refinance the Bellhaven Nursing Center, a 240-bed skilled nursing home facility in Brookhaven Brookhaven. 1 City (1990 pop. 10,243), seat of Lincoln co., SW Miss.; inc. 1859. It is situated in a dairy, timber, and farm area. Oil and gas fields are nearby. The city's manufactures include wood products, apparel, lumber, wire cloth, and asphalt. 2 Town (1990 pop. 407,779), Suffolk co., SE N.Y., on E Long Island., New York. Cambridge Realty Capital Companies Chairman Jeffrey A. Davis said the 27-year, fully amortized HUD Section 232 loan was arranged for the facility's owner, a New York General Partnership General Partnership A arrangement by which partners conducting a business jointly have unlimited liability, which means their personal assets are liable to the partnership's obligations.Notes: Since all partners have unlimited liability, even innocent partners can be held responsible when another partner commits inappropriate or illegal actions.. The loan closed on December 20, 2004. The interest rate was not disclosed.
|
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion