Healthcare property financing firm reports 1st half production
September 25, 2002
By MortgageDaily.com staff
|Cambridge Realty Capital Companies reported almost $40 million in closings for the first six months of 2002.
This most recent figure is up from the approximately $33.5 million in production for the first half of 2001, but down from the $118.8 million in closings for 2001's second half, according to prior figures from Cambridge reports.
Officials at the Chicago-based company were not immediately available for
comment regarding the $78.8 million decrease in loan volume between 2001's last
half and the first half of this year.
The company finances nursing homes, assisted living facilities, congregate care facilities, independent living facilities, acute care hospitals, behavioral healthcare facilities, and multifamily apartments related to retirement or senior housing. Cambridge has said it's completed 210 transactions, more than $1 billion in senior housing and healthcare, and more than $5 billion total financings in 25 states.