January 2019 Capital Wisdom #1
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The Government May Be Closed, But Cambridge Is Still Open For Business

The federal government may be at a standstill, but that doesn't mean your loan application has to wait. "The government can shut down, but Cambridge will always remain open," stated Jeffrey Davis, President and Founder of Cambridge Realty Capital. "Be it hail, snow, blizzards, or frigid Midwest winters, the company is there to address capital needs of senior housing owners and operators and put the appropriate capital in place."

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Cambridge Provides $21 Million HUD Lean Loan To Refinance The Abington Of Glenview, Located In Glenview, IL

Cambridge Realty Capital Companies reports providing a $21,200,000 HUD Lean loan to refinance The Abington of Glenview, a skilled care nursing home located in Glenview, IL.  Jeffrey A. Davis, Cambridge Chairman, said the fully-amortized, 35-year loan was arranged for the owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program.

In November 2017, Cambridge facilitated with one of its Signature Lending Partners a bridge loan to allow ownership to acquire The Abington, which they had been operating for the prior nine months under a lease. Once the bridge loan funded, Cambridge began working with ownership to provide the HUD permanent mortgage loan. This "Bridge to HUD" loan program was a record turnaround from bridge to permanent loan for the owners.
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Is your lender the nosy type?

Is this necessarily a BAD thing?

Cambridge Realty Capital Companies Chairman Jeffrey Davis says borrowers are sometimes surprised when they learn how forthcoming their lender expects them to be.  

Get over it, he advises. 
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Knowledgeable Lender And Responsive Borrower Are Keys To Successful Loan Applications, Cambridge Executive Says

Because it’s a complex process, senior housing/healthcare borrowers generally understand that working with a knowledgeable, experienced lender can be the difference maker when applying for popular FHA-approved HUD 232 Lean financing.

“This especially applies to borrowers who want assurances and hope to get through the process with a minimum amount of angst or confusion,” says Cambridge Realty Capital Companies Managing Director Sampada D’silva.
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