A decision that change is needed can be relatively easy to make, but getting it done is another matter.
Chairman Jeffrey A. Davis says Cambridge Realty Capital Companies was founded in 1983 and emerged in the current century as one of the nation’s leading senior housing lenders, with more than $5 billion in closed transactions.
“To achieve the level of success we’ve had, the company needed to reinvent itself from top to bottom,” he said.
Mr. Davis described some of the strategic and structural changes that have enabled Cambridge to routinely outperform much larger lending institutions serving the senior housing/healthcare industry buyers.
“In order for us to be successful in financing – and ultimately investing in senior housing and long-term care facilities –we needed to refocus our energies and make multiple changes to the Cambridge business plan,” he said
Mr. Davis says 20 years ago, about 85 percent of the company’s business revolved around conventional financing for commercial real estate projects. Various types of HUD transactions accounted for the rest.
“Today, the company is 100 percent focused on the senior housing/healthcare sector and has consistently ranked among the top FHA-insured HUD lenders since the turn of the century,” he said.
“The company needed to make some major personnel adjustments. Executives currently in key management positions at the firm were recruited within a short period of time and effectively learned nuances of the business together,” he noted.
Mr. Davis says this list includes key members of the Cambridge executive team, including Hymie Barber, who is National Originations Manager and Managing Director of Catalyst/Cambridge Healthcare Finance, the company’s West Coast affiliate. Members of the Chicago team are Managing Director Sampada D’silva, Senior Vice President Brent Holman-Gomez, and Vice President Anthony Marino.