Cambridge Realty Capital Companies provided a $7,836,900 HUD Lean loan to refinance Alden Princeton Rehabilitation and Health Care Center of Chicago, IL, a 225-bed skilled care nursing facility located in Chicago, IL. Jeffrey A. Davis, Cambridge President, said the fully-amortized, 40-year loan was provided for the owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(a)(7) funding program, which is used to refinance existing HUD loans. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.  
 
Alden Princeton Rehabilitation and Health Care Center is a skilled nursing facility and offers a wide range of healthcare services and programs, including orthopaedic, cardiac, pulmonary and neuro rehabilitation as well as short-term rehabilitation, memory care, behavioral health and medically complex care. Alden Princeton is one of several facilities under the Alden umbrella in the Chicago area.
 
Privately owned since 1983, Cambridge today has three distinct business units: FHA-insured HUD loans, conventional financing, and investments and acquisitions. The company is one of the nation's leading specialized senior housing and healthcare debt and equity capital providers, with more than 500 closed senior housing transactions totaling more than $5.5 billion.