|Cambridge Has Strong First Seven Months For 2001 In Senior Housing / Healthcare Financing!
September 20, 2001
Cambridge Realty Capital Companies Chairman and President, Jeffrey A. Davis, reports that Cambridge has had a strong first seven months of 2001 in closing senior housing / healthcare financings of approximately $40 million. Cambridge prides itself on being the one call an owner, broker or consultant needs to make to satisfy their senior housing / healthcare capital requirements.
"Despite the major slowdown in the economy over the last year and in the senior housing / healthcare capital markets, Cambridge's programs and other activities continue to be strong," says Cambridge's chairman. "Numerous conventional lenders and Wall Street purchasers have abandoned senior housing and this has created an opportunity for Cambridge, especially in the HUD 232 MAP program, to significantly increase the company's lending activity."
"Loans have been closed on a national basis ranging from California and Washington to Illinois, with commitments outstanding and funding scheduled in many other states over the next few months."
"As a unique and specialized niche financing / investment firm, we have always viewed it as critical to offer financing products to address the needs of our current and future clients. This is a continuation of Cambridge's unique relationship-building process, The Signature Experience?. This is Cambridge's empowerment program for owners, operators, brokers, consultants, and financial institutions in the senior housing and healthcare business. Its purpose is to provide direction, confidence and capabilities for Cambridge business clients.
In addition, Cambridge has expanded its menu of debt and equity products. Programs that have been recently introduced by Cambridge include a bridge lending program, a Fannie Mae / Freddie Mac lending alliance with American Property Financing, and a construction lending alliance, as well as expansion of its sale / leaseback and other equity-oriented lending programs.
|Founded in 1983, Cambridge has emerged as a nationally recognized leader in senior housing and healthcare financing, with more than 200 completed transactions worth more than $1 billion. Cambridge is currently processing and underwriting financings for an additional 100 properties, Davis says.
Cambridge is the nation's leading HUD 232 lender for refinancing, expansion, renovation and construction of assisted-living facilities and nursing homes, and is an active multi-family lender. Cambridge also has an active conventional lending program that specializes in individual and multi-facility housing refinancings and multi-facility senior living / healthcare construction credit facilities.
A new program funds acute-care hospitals and other special-use healthcare facilities.
Jeffrey A. Davis, Chairman & President
Cambridge Realty Capital Companies
35 East Wacker Drive, 33rd Floor Chicago, Illinois 60601