CHICAGO, IL--Cambridge Realty Capital Companies reports processing 92 loan origination requests during the first quarter of 2008, or almost exactly the same number processed by the company during the same quarter in 2007.“But dollar volume for 2008 origination requests continues to run substantially higher than last year,” Cambridge Chairman Jeffrey A. Davis (top right photo) observes.
Cambridge is one of the nation’s leading senior housing/healthcare lenders, with more than 300 closed transactions totaling more than $2.75 billion since the mid-1990s.
During the first quarter, the dollar volume for the 92 origination requests reviewed was $1.55 billion, compared with 93 requests totaling $1.03 billion million durin
g the same three-month period last year.
g the same three-month period last year. In March, Cambridge reviewed 35 origination requests totaling $540.6 million, compared with 27 loans totaling $281.6 million in March, 2007.
Davis points out that lenders close a relatively small percentage of the origination requests they receive, but believes it’s useful to track this information as an indication of market directions.
The substantially higher 2008 origination dollar volume continues to reflect the fact that a higher percentage of new construction deals are probably in the mix, he believes.
Contact:
Evan Washington
Phone: (312) 521-7603
Fax: (312) 357-1611
No comments:
Post a Comment