CAMBRIDGE REPORTS PROCESSING 92 LOAN ORIGINATION REQUESTS IN FIRST QUARTER

Cambridge Realty Capital Companies reports processing 92 loan origination requests during the first quarter of 2008, or almost exactly the same number processed by the company during the same quarter in 2007.

But dollar volume for 2008 origination requests continues to run substantially higher than last year, Cambridge Chairman Jeffrey A. Davis observes.

Cambridge is one of the nations leading senior housing/healthcare lenders, with more than 300 closed transactions totaling more than $2.75 billion since the mid-1990s. During the first quarter, the dollar volume for the 92 origination requests reviewed was $1.55 billion, compared with 93 requests totaling $1.03 billion million during the same three-month period last year.

In March, Cambridge reviewed 35 origination requests totaling $540.6 million, compared with 27 loans totaling $281.6 million in March, 2007.

Davis points out that lenders close a relatively small percentage of the origination requests they receive, but believes its useful to track this information as an indication of market directions. The substantially higher 2008 origination dollar volume continues to reflect the fact that a higher percentage of new construction deals are probably in the mix, he believes.

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.