Change is not only inevitable: it’s desirable. “Change is a constant,” is one of Cambridge Realty Capital’s operating mottos and something that President Jeffrey Davis embraces in business. “Change is what drives Cambridge forward. We’ve never shied away from change here.”

Indeed, Cambridge’s business has evolved considerably from its founding as a lender for general commercial real estate to a senior housing and healthcare lender and equity provider specializing in HUD financing with a staff of more than one dozen experts. In its 30 years of senior housing focus, the firm has closed over $5.5 billion dollars in debt and equity deals and has approximately $2 billion dollars in loan servicing. Separate, dedicated teams work on HUD financing from application to commitment and a second dedicated team works on all different forms of origination, sourcing transactions, sizing transactions, qualifying transactions, and essentially determining what may or may not be a good fit for Cambridge’s attention.

Cambridge has become one of America’s leading experts in and top providers of HUD 232 funding. HUD 232 loans are available to senior living, skilled nursing and memory care operators at very competitive interest rates which are locked in for the duration of the loan. HUD 232 loans are long term, typically around 30 years, and carry no personal recourse.

Even the HUD 232 loan has changed with the times, introducing its Lean program in 2009, streamlining the process by which HUD 232 loan applications are processed. More recently, changes introduced in January of 2017 opened doors for senior living operators who may not have qualified in the past to access HUD 232 funding, including board and care operators.

One of Cambridge’s “constants” is perpetually seeking out new partnerships. “Cambridge continues to explore different options and is regularly approached by different financial institutions for different types of strategic relationships,” Davis explains, noting that strategic relationships and partnerships mean greater options in and access to various types of financing. This includes Cambridge’s specialty (HUD), as well as bridge and conventional loans. “Among these strategic relationships Cambridge has is one with a $150 billion-dollar multinational bank that came to Cambridge and was intrigued by its HUD financing and how it might make their conventional lending even more competitive,” Davis states, as just one example of many in Cambridge’s experience.

In fact, Cambridge maintains partnerships with a broad platform of signature bridge lenders, both with public institutions, primarily banks, and different private lenders that have evolved over the last five years for its Signature Bridge Loan program. “Cambridge Signature Bridge partners are quite active and bring excellent financing opportunities,” Davis states. The Signature Bridge Loan program includes financing typical loan-to-values of 80% and up to 100% or greater loan-to-values for bridge loans as well as a small number of mezzanine loans, equity recapture or acquisition loans, private financing and A/B structures with commercial banks, in order to have a competitive financing program.

“Cambridge continues to look for different ways of helping their clients and providing capital and welcomes inquiries from other finance providers on partnership opportunities,” Davis adds.

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