Swell Wells Point Lodge

Cambridge Realty Capital reports providing a $2,140,900 first mortgage loan to refinance Wells Point Lodge located in Pflugerville, Texas. Anthony Marino, Cambridge Managing Director, reported that the fully-amortized, 35-year loan was provided for the owner, a Texas limited liability company, using the HUD Section 232/223(f) mortgage insurance program.
 
Cambridge’s Early rate lock program was utilized, which allowed the Owner to avoid the recent run-up in interest rates. Marino stated that Cambridge’s Early rate lock program allowed the Owner to fully mitigate the risk associated with rising interest rates and contributed to a more predictable and efficient HUD execution.
 
Wells Point Lodge is a 60-bed assisted living, seniors-oriented community. Wells Point Lodge provides trained staff on-site 24 hours per day to meet the varying needs of residents, including three chef-prepared meals per day. Other amenities include cable TV, Wi-Fi, and on-site salon and spa services.
 
Privately owned and operated since 1983, Cambridge Realty Capital is one of the nation’s most experienced and trusted HUD Lenders.

Why don't you contact Cambridge today to get the capital your senior housing vision needs? We're here for you with sound advice, so call us today at 312-357-1601 to discuss your transaction. Feel free to visit our blog, or check out our website to learn more about all of our services.