Nursing home financings.Cambridge Realty Capital Companies has provided $12.1 million in FHA-insured HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. financing to fund the purchases of two separate skilled nursing home/ assisted living as·sist·ed livingn. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities in Pekin Pekin (pē`kĭn), city (1990 pop. 32,254), seat of Tazewell co., central Ill., a port on the Illinois River; inc. 1839. A processing, rail, and shipping point in a grain, livestock, and dairying area, Pekin has a large food industry. and Pittsfield, Illinois Pittsfield is a city in Pike County, Illinois, United States. The population was 4,211 at the 2000 census. It is the county seat of Pike County.GR6 . Cambridge chairman Jeffrey A. Davis said Cambridge provided a $6.48 million HUD loan to fund the purchase of Pekin Manor, a 132-bed, non-profit property in Pekin. A $5.6 million HUD loan was used to purchase Pittsfield Manor, a 103-bed non-profit facility in Pittsfield. Davis said both loans were underwritten by Cambridge Realty Capital Ltd. of Illinois for the properties' common owner, an Illinois limited liability company. The loans were secured using HUD's Section 232 pursuant to Section 223(f) program with the Pittsfield Manor loan a fully-amortized 33-year term loan and the Pekin Manor loan a fully-amortized 33-year loan. The interest rate was not disclosed. |
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