Cambridge Realty Capital Companies reports reviewing 30 loan origination requests totaling $368.4 million during the month of October.
Both the number of requests and dollar volume total were down sharply from the same month last year, when Cambridge processed 44 origination requests totaling $711 million. However, year-to-date dollar volume for 2007 remains slightly ahead of last year at this time Cambridge chairman Jeffrey Davis said.
Through 10 months in 2007, Cambridge has processed 310 loans totaling $3.89 billion compared with 367 loans totaling $3.82 billion last year.