October 2019 Capital Wisdom #10
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Baby Boomers Least Prepared Generation To Enter Senior Years Since The 1960s

The outlook for the retirement years of baby boomers, those born between 1946 and 1964, is bleaker than that of previous generations. Studies indicate that baby boomers have less money to retire on than their predecessors. This doesn’t come as a surprise to Cambridge Realty Capital President Jeffrey Davis, who knows firsthand the rising cost of developing, building and maintaining senior housing and care facilities. “Development costs have risen significantly since we first began financing senior living 30 years ago,” he stated. “Baby boomers have been caught off guard by higher-than-expected living expenses.”

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Cambridge Arranges $9 Million HUD Loan To Refinance Culver West Health Center, Located In Los Angeles

Cambridge Realty Capital Companies reports arranging a $9,200,000 HUD Lean loan to refinance Culver West Health Center, a 91-bed skilled nursing care facility located in Los Angeles, California. Hymie Barber, Cambridge National Originations Manager, said the fully-amortized, 33-year loan was arranged for the owner, a California limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.

Cambridge Arranges $2.7 Million Loan To Refinance Sena Kean Manor, Located In Mckean, PA

Cambridge Realty Capital Companies reports providing a $2,735,400 HUD-Insured loan to refinance Sena Kean Manor, a skilled care nursing facility located in McKean, Pennsylvania. Jeffrey A. Davis, Cambridge Chairman, said that a fully-amortizing, 20.8-year term loan was issued to the owner, a Pennsylvania limited partnership. The loan was underwritten by Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans. Sena Kean Manor is a 152-bed facility devoted to skilled nursing care.

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