For a lot of very good reasons, senior housing/healthcare borrowers rarely chance sending information to lenders that they know to be inaccurate.
“But,” says Cambridge Realty Capital Companies Chairman Jeffrey A. Davis, “it’s not uncommon for borrowers to submit data that’s incomplete, which can lead to unwanted problems.”
Cambridge is one of the nation’s leading senior housing/healthcare lenders, with more than $5.5 billion in closed transactions. The company consistently ranks among the top ten FHA-insured HUD lenders in the country.
“Lenders are often asked to deal with projections, and these projections can get very aggressive. But it’s never a good idea for borrowers to fudge, not even a little bit,” Mr. Davis says.
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