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DOBBS FERRY, N.Y. — Dwight Capital, a New York City-based lender, has arranged a $47.2 million loan for Cabrini of Westchester, a skilled nursing facility in Dobbs Ferry, along the Hudson River approximately 20 miles north of Manhattan.
The HUD loan will refinance tax-exempt bonds on the project that were set to expire. The fixed interest rate will save the owners $600,000 a year on debt service payments, according to the lender.