Are you ready to apply for a HUD loan and in search of the right lender? Where do you start? What are you looking for in a lender? How high is experience on your list? Working with a knowledgeable and experienced lender should be a top priority. This will not just improve your chances for success; it will ensure you are successful. Eric Rothner, CEO of Hunter Management and Care Centers, Inc. in Evanston, Illinois, recommends Cambridge Realty Capital as one of the best HUD lenders. Hunter Management is a consultant to healthcare management groups that operate 60 healthcare facilities across the Midwest. Rothner has remarked that “the Cambridge staff is very experienced and patient with borrowers. Cambridge has the unique ability to make a tedious and difficult process run smoothly. The management team is extremely competitive, exceptionally creative, and very detail-oriented. And very accessible.” Part of what makes Cambridge stand out is not only our experience, but the support and guidance we provide to our clients. As long as you provide Cambridge with timely and accurate information, we can guide you through every step of the HUD lending process.
Other healthcare executives share Mr. Rothner’s opinion regarding Cambridge Realty Capital. David Passero, the founding principal of HTG Consultants LLC in Delaware, is one of them. HTG Consultants prepares market and financial studies for FHA lenders across the country (including Cambridge clients in several states), specializing in the senior housing sector. Passero has stated that Cambridge is easily one of the most experienced and best HUD lenders in the country. “The company is so knowledgeable and thorough that potential problems are dealt with before they can develop. Everything runs smoothly…Cambridge is especially good at vetting a deal before saying they’ll do it. Inexperienced lenders will sign you up and either don’t know or won’t tell you that your deal may not be a good fit with HUD. With Cambridge, I can only recall one HUD application we pursued that wasn’t approved, in this case because of withheld information.”
Arnie Goldberg, executive for The Wealshire and The Ponds, assisted living residences in Lincolnshire, Illinois, chose Cambridge for HUD financing. Goldberg had concerns that the properties might have trouble qualifying for HUD financing. Cambridge was there every step of the way to help alleviate any concerns. “We were told that if we did certain things a specific way, and met certain benchmarks, we’d qualify for the mortgage we wanted. Everything worked out exactly the way we were told it would. Cambridge’s principal owners and staff are exceptionally knowledgeable, professional, and experienced and never did anything to make me doubt I would get a positive outcome. If anything, the company under promised and over-delivered.”
Contact Cambridge Realty Capital
If you are searching for a lender with expertise in HUD loans, consider Cambridge Realty Capital. For any questions regarding HUD or any other senior living finance and capital inquiry, contact us today. Our experts are standing by to guide you through the lending process.