CHICAGO, IL--Sandy River Company, one of the largest privately held healthcare consulting companies in the state of Maine and the northeast, will provide HUD 232 LEAN financing to clients in New England through an exclusive partnership arrangement with Chicago-based Cambridge Realty Capital Companies, a firm that has ranked among the nation’s leading FHA-approved HUD lenders for more than a decade. Sandy River Company Vice President Daniel Maguire (top right photo), a partner in the firm, said the arrangement expands upon a relationship with Cambridge that dates to the 1990s when Cambridge provided HUD financing for a portfolio of more than a dozen nursing home and assisted living properties developed, owned and operated by Sandy River Systems.
Sandy River sold its operating companies to Genesis HealthCare in 2007 but continues to own the real estate and lease the buildings to Genesis. Since the sale, Sandy River Company has transitioned into a full service consulting, advisory, development and loan origination firm that is able to draw upon many years of experience in all facets of the senior housing/healthcare business, he said.
The company has arranged more than $150 million in financing for nursing homes and assisted living projects using FHA-insured HUD programs.
Maguire said Cambridge is a privately-owned lender that has specialized in funding senior housing projects since the mid-1990s. Nationally, the FHA-approved lender has closed more than 300 transactions totaling more than $3 billion.
Contact:
Evan Washington
Phone: (312) 521-7604
Fax: (312) 357-1611
E-Mail: ew@cambridgecap.com
Twitter: http://twitter.com/CambridgeCap
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