Cambridge Loan Origination Request Totals Decline but Dollar Volume Gains in February Still Impressive

CHICAGO, IL--Cambridge Realty Capital Companies reports the number of loan origination requests processed by the company during the first two months of the year were down 15 percent from the same period in 2007, but the dollar volume for these requests was significantly higher, rising to slightly more than $1 billion from $748.9 million a year earlier.

In February, there were 30 origination requests totaling $468.1 thousand compared with 33 requests totaling $236.2 thousand in 2007, Cambridge Chairman Jeffrey A. Davis said. (photo top right)

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

“Although the capital markets may be in disarray, we’re not seeing a big drop-off in interest, and the volume gain is sizable. Presumably, this is indicative of an increased level of loan requests for new construction, or increased interest in HUD financing due to other lenders dropping out of the market,” he said.

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.

Contact:

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