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LARGO, Fla. — Cambridge Realty Capital Cos. has arranged a $4.1 million HUD Lean loan to refinance Cabot Cove of Largo, a 63-bed assisted living facility.
The property is located in Largo, across the bay from Tampa proper. The fully amortized, 33-year-plus-8-months loan was structured for a Florida-based limited liability company.
Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans, underwrote the transaction.