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DAYTON, Ohio — Cambridge Realty Capital Cos. has arranged a $14.2 million HUD Lean loan to refinance the Wood Glen Nursing Center, a 148-bed skilled nursing facility in Dayton.
The fully amortized, 30-year loan was arranged for the owner, an Ohio limited liability company, using the Section 232 pursuant to Section 223(f) funding program.
Cambridge Realty Capital Ltd. of Illinois, Cambridge’s HUD-specialty branch, underwrote the loan.