arranged a $9.08 million FHA-insured loan to refinance The Rehabilitation Centre of Beverly Hills, a 150-bed skilled nursing home facility in Beverly Hills, Calif. (photo top right)
Cambridge/Catalyst is the West Coast affiliate of Chicago-based Cambridge Realty Capital Companies, one of the nation’s leading senior housing/healthcare lenders. The 35-year term loan was arranged for the property’s owner, a California limited liability company, by Cambridge Realty Capital Ltd. of Illinois, an authorized FHA/MAP-approved HUD lender.
The fully amortized loan was underwritten using HUD’s Section 232 pursuant to Section 223(f) funding program. The interest rate was not disclosed.
President Hymie Barber
(photo at left) said Cambridge/Catalyst has closed more than 50 senior housing/healthcare loans on the West Coast totaling more than $100 million since 1996. Nationally, Cambridge has closed more than 300 transactions totaling more than $2.75 billion.
In addition to its role as a HUD lender Cambridge offers an integrated debt/equity financing strategy that includes direct property acquisitions and joint ventures, sale/leasebacks, conventional and mezzanine debt financing and the acquisition of distressed debt. Conventional funding options include permanent construction and interim loans on either a floating or variable rate basis.
Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.
The company is one of the nation's leading HUD 232 FHA / MAP-approved lenders and also has an integrated debt / equity financing strategy that includes direct property acquisitions and joint ventures; sale / leasebacks for clients; conventional and mezzanine debt financing; and acquisition of distressed debt. Additionally, Cambridge offers a wide array of conventional lending options for senior housing / healthcare owners, including permanent construction and interim loans on either a floating or variable rate basis.
Cambridge is the creator of The Signature Experience™, a four-step process designed to transform the traditional lender / borrower relationship and identify “ideal” capital solutions for worthy projects. The company has created four separate processes for customer groups that are designed to build and enhance long-term relationship potential and speed the way loans are processed and closed.
Programs include The Key To Capital™ for senior housing owners, The Navigator Experience™ for senior housing brokers and mortgage bankers, The Principal Lender Network™ for lenders who refer loans to Cambridge, and The Relationship Building Experience™ for various industry-related consultants, including lawyers and accountants.
The company has a regional office in New York, affiliate office in Los Angeles, and correspondent relationships nationwide. The firm also has established key origination relationships and a dozen or more Internet-based strategies.
Cambridge’s award-winning Web site, www.cambridgecap.com, provides monthly rate updates for its debt and equity capital programs. The company also publishes the bi-monthly e-PULSE electronic newsletter, which delivers company news and feature stories via e-mail to corporate friends and clients. For additional information, contact Cambridge at (312) 357-1601 or via e-mail at info@cambridgecap.com.
Contact:
Evan Washington
Phone: (312) 521-7603
Fax: (312) 357-1611
E-Mail: ew@cambridgecap.com
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