CHICAGO, IL--In a year in which stocks imploded and the credit markets lost their way, efforts by senior housing/healthcare borrowers to improve the financial underpinning for their businesses never waned. Cambridge Realty Capital Companies Chairman Jeffrey A. Davis (top right photo) says the company processed 333 loan origination requests in 2008, a total only slightly less than the 357 requests reviewed a year earlier.
But the total dollar volume for all processed requests in 2008 was somewhat higher, $4.7 billion compared with $4.3 billion a year earlier.
And the total number of beds/units was also up, from 53,228 in 
2007 to 55,614 a year later.
2007 to 55,614 a year later. Davis points out that lenders close a relatively small percentage of loan origination requests received, but believes it’s useful to track this information as an indication of market directions.
“Competitive interest rates contributed to relatively strong demand throughout the year and remain in place as the New Year begins,“ he noted.
“In the final quarter of 2008, the economic news was particularly bleak and origination requests were down 11 percent, from 110 in 2007 to 97 in 2008. However, dollar volume was not off dramatically, falling from $1.30 billion in the fourth quarter of 2007 to $1.23 billion for the same period in 2008,” he
said.
said. Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge today has three distinctive business units: FHA-insured HUD loans, conventional financing and investments and acquisitions.
The company is one of the nation’s leading senior housing and healthcare debt and equity capital providers with more than 300 closed transactions totaling more than $2.75 billion since the mid-1990s.
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