Loan Origination Requests Remain on Even Keel in August, Cambridge Realty Capital Reports

CHICAGO, IL--The financial sky may be falling but the number of senior housing/healthcare borrowers initiating loan origination requests with Cambridge Realty Capital Companies remained on an even keel in August, the company reports.

Chairman Jeffrey A. Davis (top right photo) says the company reviewed 33 loan requests in August totaling $450.6 million, which compares with 30 loans totaling $414.9 million for the same month last year.

For the year to date, Cambridge has reviewed 238 origination requests totaling $3.7 billion, compared with 254 loans totaling $3.1 billion in 2007.

Davis points out that lenders close a relatively small percentage of the loan origination requests received, but believes it’s useful to track this information as an indication of market directions.

“It’s impossible to ignore all the scary news that’s out there, but industry borrowers are clearly choosing to remain active participants in the market,” he noted.

Contact: Evan WashingtonPhone: (312) 521-7603Fax: (312) 357-1611E-Mail: ew@cambridgecap.com