It's not busywork, it's needed info.
It happens in the best of times. A highly motivated senior housing/healthcare lender is anxious to get something done but finds they must give the borrower news they’d rather not hear.
“Finding capital for senior care projects is a lot less problematic today than it was a few years ago. But a program the borrower has relied upon in the past may no longer be an option. Or the lender may have tightened underwriting standards and is now offering less on the appraised value of the property,” says Cambridge Realty Capital Companies Managing Director Anthony Marino.
Contact us today to get to partner with Cambridge and see what info is needed to get your financing done. Call us today at 312-357-1601. To read the whole article visit our blog, or learn more about all of our services.
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