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DANVILLE, IL-An unnamed Illinois LLC has arranged a $12.6 FHA-insured first mortgage loan to purchase the Hawthorne Inn, a 140-bed skilled nursing/board and care facility. The 35-year term mortgage was provided by Cambridge Realty Capital Companies, arranged by Cambridge Realty Capital Ltd., the company’s business arm that underwrites FHA-insured loans.

Chairman Jeffrey A. Davis said in a statement that the purchase of the downstate nursing facility was funded using the HUD Section 232 pursuant to Section 223(f) funding program. Davis said the property, at 3222 Independence Dr., has 64 skilled nursing and 76 board and care units. The interest rate for the loan was not disclosed, and company officials declined to comment further on the deal. The property, part of the larger, mixed-use community Liberty Village of Danville, is managed by RMFS Inc.

The complex includes three separate areas for different types of senior care. The areas are broken down into Independence Court (assisted living), Garden Court (Alzheimer’s/dementia) and Manor Court (skilled nursing care).

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