Cambridge Realty Capital continues to forge ahead on the trail that was blazed by its Founder, the late Jeffrey Davis. Speaking of Davis’ recent passing, Senior Vice President Brent Holman-Gomez stated, “We are very fortunate to have such a solid foundation to work from. Jeff Davis built a company with 30 years of long-term care expertise. We are confident that our experience will continue to work for you for another 30 years, and beyond.”
 
Davis was never a “one-man show,” according to his fellow staff members. Mentorship was extremely important to him, as was instilling a drive for excellence, ensuring that the company would be able to run seamlessly even in his absence. Not only was he committed to training and empowering his staff, but Holman-Gomez also added, “Jeff was always focused on the pipeline and expanding our outreach, and the result can be seen in Cambridge’s solid business and prospects today.”
 
Those prospects, said Holman-Gomez, include some specialties within long-term care mortgages, specifically:

• Capital structures for Operators buying from existing landlords. These can reduce or eliminate the problem of operators not having the millions of dollars necessary to purchase buildings. Additionally, some of these structures do not require bridge loans. “Friendly transitions of ownership open up a lot of possibilities,” asserted Holman-Gomez.

• Funding expansions of properties at full cost, building on a wing, or adding a new service dimension. “This avenue can improve the overall value of our mortgage collateral,” Holman-Gomez indicated.

As well, John Gast, Business Development Underwriter at Cambridge, pointed out that recent government support for nursing homes and assisted living facilities is being worked into Medicaid rates on a permanent basis. “This will give providers more stability to plan. Cambridge is seeing opportunities for capital improvements, ownership transitions, and new operating paradigms as a result of some of this newfound stability coming out of the COVID-19 pandemic.”
 
“Even as we continue to grieve the loss of Jeff Davis, we at Cambridge are more motivated than ever to press forward and see that Davis’ legacy is honored by not only fulfilling his original vision for the business but to keep reinventing itself as the needs of senior living operators evolve and the industry changes,” said Holman-Gomez. He urges operators who are considering a purchase or expansion in the future to reach out to Cambridge for a conversation. “We are extremely fortunate to have a team of individuals who are not only experts in their particular jobs and fields, but who also work well together. We are well aware that our individual successes are only possible when everyone succeeds together, something that Jeff continually inspired in the team at Cambridge.”