It doesn’t get any better than this.
Cambridge Realty Capital Companies Senior Vice President Brent Holman-Gomez says the company has a perfect 100 percent acceptance rate for the HUD Section 232 loan applications it has submitted to the federal agency in the current century.
“HUD has been known to be picky. Over the years, we’ve developed a loan origination scoring system that assures the applications we submit have an exceptionally high probability of success,” he said.
“Effectively, we screen new requests for capital in a systematic way that takes location, dollar amount and a number of other factors into account. But mostly, for us, it has been a matter of practice leading to perfect,” he noted.
Cambridge has specialized in the senior housing/healthcare market segment for more than 20 years. The company has closed more than 450 transactions totaling more than $5 billion.
“Our loans close on time and the application process never winds up wasting anyone’s valuable time. What other lenders see as obstacles are not necessarily obstacles for us because Cambridge has found ways to work around such things as bankruptcies, tax liens and challenges that might discourage others.”
Mr. Holman-Gomez says Cambridge also is involved in the acquisition and owning of senior healthcare properties, most typically in secondary or tertiary markets.
“We’re continually looking for turnaround opportunities in which our operating company partners can grow and expand in local communities without the need to come up with large capital outlays for real estate,” he said.