Don't wait.

“Time is of the essence,” according to Cambridge Vice President Zachary Scardina. When it comes to refinancing, “that time is now. Waiting could cost you the ability to refinance.”

While rising interest rates have some borrowers feeling skittish, Scardina pointed out that the reluctance of banks and other conventional lenders to provide financing to senior living operators is a more pressing reason for concern. “Cambridge is observing nationwide, from Florida to Tennessee to Illinois and Washington state, that some lenders are no longer lending to or extending/renewing senior housing and skilled nursing mortgages.” According to Scardina, “We have even seen what seemed to be relatively routine loan renewals for good borrowers being cancelled by industry-informed regional banks, as well as national and bulge-bracket lenders.”

Don't wait any further! Contact us today and see how Cambridge can help you get started on refinancing your senior housing holding(s). Call us today at 312-357-1601. To read the whole article visit our blog, or learn more about all of our services.