CHICAGO, IL--Cambridge Realty Capital Companies reports the number of senior housing/healthcare loan origination requests processed by the company rebounded modestly in February but the dollar volume was up a robust 21.6 percent over the same month last year.
Cambridge Chairman Jeffrey A. Davis (top right photo) said the company processed 28 loans totaling $478.2 million in February. This compares with 25 loans totaling $393.1 million for the same month last year.
For the year-to-date, Cambridge has processed 50 loan requests, compared with 52 loans during the first two months of 2009. However, the $852.1 million dollar volume for this year is running about 12 percent ahead of the $757.7 million volume for the same period last year.
“All things considered, the results to date are encouraging. Cambridge is predicting a rebound in funding activity in 2010 if the economy continues to improve,“ he noted.
Cambridge is one of the nation’s leading senior housing/healthcare lenders with more than 300 closed transactions totaling more than $3 billion since the mid-1990s, when the firm began specializing in senior housing/healthcare financing. The company consistently ranks among the top FHA-approved HUD 232 healthcare lenders in the country.
Davis says Cambridge has been privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties. The company today has three distinctive business units: FHA-insured HUD loans, conventional financing, and investments and acquisitions.
Contact:
Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com, Twitter: http://twitter.com/CambridgeCap
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