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Cambridge provides $19.1 million loan.


CHICAGO-BASED CAMBRIDGE REALTY CAPITAL Companies provided a $19.1 million Department of Housing and Urban Development-insured (HUD-insured) first-mortgage loan to refinance The Imperial, a 386-bed skilled-nursing and assisted-living facility in Chicago. The Imperial has 284 skilled-nursing and 139 assisted-living units.

The fully amortized, 34-year-term, HUD Section 232 loan was arranged for the property's owner, an Illinois-based limited liability company.

COPYRIGHT 2004 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Commercial
Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2004
Words:59
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