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Cambridge Realty Capital Provides $6.5M Loan For Senior Housing Development In Pontiac
FINANCED
$6,500,000
Illinois
See Similar DealsSenior Housing
Financed 02/02/2026
FINANCED
Cambridge Realty Capital Provides $6.5M Loan For Senior Housing Development In Pontiac
120 Deerfield Road
See Similar DealsSenior Housing
Financed 02/02/2026
Summary
ILLINOIS
Asset Type:Senior Housing
Transaction Type:Loan
The asset involved in this transaction is a senior housing facility located at 120 North Deerfield Road in Pontiac. The property comprises a 60-bed supportive living facility that is being renovated, along with a new addition of 20 beds designated for memory care. The total loan amount secured for this construction project is $6,500,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $6,500,000
- Lender: Zach Scardina - Cambridge Realty Capital
- Loan Type: Construction
- Loan Terms: non recourse, fixed-rate
- Market: Pontiac
The transaction is backed by HUD financing and involves an Illinois-based LLC. The loan provided by Cambridge Realty Capital is specifically structured as a HUD Section 241(a) loan aimed at supporting the expansion and preservation of Medicaid-backed senior housing facilities.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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