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| October 24, 2007 - Cambridge Realty Capital Companies, |
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CAMBRIDGE SAYS LOAN ORIGINATION REQUESTS TOP $4.8 BILLION THROUGH FIRST THREE QUARTERS OF 2007 Cambridge Realty Capital Companies, one of the nations leading senior housing/healthcare lenders, reports receiving 380 origination requests for loans totaling $4.8 billion through the first three quarters of 2007. The number or requests processed through the first nine months of the year are down from 430 last year at this time. But the dollar volume is significantly higher than the $3.9 billion total for the same period in 2006, said Cambridge Chairman Jeffrey A. Davis. In September, the Cambridge staff reviewed 26 separate origination requests totaling $339.1 million. This compares with 25 loans totaling 341.5 million for the same month last year, he noted. Davis points out that lenders close a relatively small percentage of the loan origination requests they receive. But its useful to track this information as an indication of market directions, he believes. The significantly higher dollar volume for loans processed this year suggests that new construction activity is on the rise at this time, he noted. 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 nations 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. Cambridges 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: |
| Cambridge Realty Capital Companies, by Evan Washington, New York-NY |
