Tony Marino Of Cambridge Realty Capital Provides $43.4M Financing For Senior Housing Portfolio

The transaction involved a senior housing portfolio that includes four properties situated in different markets. The assets consist of two affordable senior apartment buildings located in Chicago with a total of 196 units, a facility named South Pointe in Everett, Washington, which has 42 beds, and the Gardens of Cedar Rapids in Iowa, featuring 112 beds. The properties were financed through a HUD-insured loan amounting to $43,360,100, provided to facilitate long-term repairs and improvements.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $43,360,100
• Lender: Tony Marino - Cambridge Realty Capital
• Location: Chicago, IL; Everett, WA; Cedar Rapids, IA
• Number of Properties: 4
• Units: 196 units in Chicago, 42 beds in Everett, 112 beds in Cedar Rapids
• Note: The early rate lock program enabled borrowers to secure rates prior to HUD approvals.

The deal was facilitated by Tony Marino, who represents Cambridge Realty Capital in this transaction. The financing was aimed at supporting the identified senior housing properties, ensuring that the borrowers could implement necessary enhancements through the secured funds.