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### Cambridge Realty Capital Provides $43M for Senior Housing Properties in IL, WA, and IA
Cambridge Realty Capital has provided $43,360,100 in HUD-insured Section 223(f) financing for four senior housing properties located in Illinois, Washington, and Iowa.
According to Cambridge’s Managing Director, Tony Marino, the Illinois transactions included two affordable rental apartment properties for seniors, totaling 196 units in Chicago. In Washington, financing was provided for South Pointe, a 42-bed assisted living facility in Everett. In Iowa, funding was secured for Gardens of Cedar Rapids, a 112-bed facility offering skilled care, assisted living, and memory care services.
Cambridge utilized its early rate lock program, allowing owners to secure rates before final HUD approvals were obtained. This mitigated risks associated with rising interest rates and contributed to a more predictable and efficient HUD execution. The financing also ensured that sufficient funds were available to complete long-term repairs and improvements.
### Upcoming Event: Connect Industrial Midwest 2025
Register today to attend *Connect Industrial Midwest 2025* and witness Michael Brennan receive Connect CRE’s Lifetime Achievement Award. He will also participate in a keynote interview with Kevin Brennan of Brennan Investment Group. The event will take place on **Wednesday, March 5, at Joe’s Live in Rosemont, IL**.
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