When applying for a mortgage loan, what most senior housing/healthcare borrowers want is a speedy yea or nay.
If their lender is Cambridge Realty Capital Companies, they’ll not be disappointed on this score, says Managing Director Sampada D’silva.
“Cambridge goes to extraordinary lengths to assure that borrowers applying for a loan aren’t left in limbo. An internal scoring system developed by the healthcare lending specialist enables the company to swiftly determine if a loan application is likely to be successful or not.
“Wasting anyone’s time is not an option,” she says.
Cambridge is one of the nation’s leading senior housing/healthcare lenders, with more than $5 billion in closed transactions. The company is an FHA-approved HUD lender and consistently ranks among the top HUD Section 232 lenders in the country.
Ms. D’silva says the scoring system is equally effective during periods when capital is tight or, like today, more readily available. Clients never see the results, but results produced by the company’s unique internal scoring system greatly reduce the time it takes the company to accept or reject a client application.
“The scoring method evolved from efforts to quickly compile and analyze relevant factors using a quantitative system of evaluation. It considers multiple factors related to property type, the type of financing desired, and the size and geographic location of the property,” she noted.
Ms. D’silva says the scoring system reflects the company‘s extensive knowledge of the business.
“After 20 years of focusing exclusively on senior housing/healthcare finance, we know and understand what successful deals in the industry look like. This applies doubly to HUD loans, which are our specialty,” she said, adding:
“We process a large volume of deals and were determined not to become bogged down in details or slowed by an inefficient internal process. The point system very quickly enables us to determine the quality of a deal and to act on requests in a timely fashion.”