Cambridge Realty Capital Sees Origination Requests Decline

Cambridge Realty, a debt and equity financing firm dedicated to senior housing and healthcare-linked properties reports that loan origination request volume at the firm trailed off in May, with 25 requests totaling $202,707. “These numbers compare with 35 requests totaling $546.2m for the same month last year and appear to represent a significant drop. However, in April, the company was reporting the highest level of monthly activity in two years,” Chairman Jeffrey A. Davis noted. Through the first five months of the year the company processed 137 loan origination requests totaling $1.88bn. “These totals are not far behind the 153 requests that totaled $1.9bn during the same five-month period last year,” he said. Cambridge tracks this information as an indication of changing market trends and directions. “Given all the turmoil in the banking industry, it’s understandable that borrowers might not be in such a euphoric mood. However, there appears to be a lot of interest in government funding programs and interim loans that bridge to more attractive, recession-proof FHA-insured government loans at some point in the future,” he 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. Write to Jacob Gaffney.