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Written by: Cambridge Realty Capital Companies
Owners and operators of senior housing need to recognize and avoid failed funding strategies that effectively place the cart before the horse in a tight credit market, Jeffrey A. Davis, chairman of Chicago based Cambridge Realty Capital Companies advises.
By necessity, Davis believes senior housing borrowers must focus on operations and improving systems, and on developing better financing game plans. He offers this advice to borrowers:
Founded in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nationís leading senior housing and healthcare debt and equity capital providers, closing more than 200 such transactions, totaling more than $1 billion, during this period. Although Cambridge has grown considerably over the years, the company still maintains its entrepreneurial, privately held roots, enabling fast, non-bureaucratic decisions, and is a ďone-stopĒ debt and equity capital solutions provider for senior housing and healthcare owners and operators. The companyís own award-winning Web site, www.cambridgecap.com, provides weekly rate updates on its debt and equity capital programs and real time interest rates.
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