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Hike in loan origination requests.

The dollar volume for loan origination requests processed by Cambridge Realty Capital Companies in 2006 was substantially higher than the year-end total for the previous year, chairman Jeffrey A. Davis reports.

In 2006, the company reviewed 423 loan origination requests compared with 381 in 2005.

However, the $4.2 billion dollar volume for 2006 was substantially higher than the $2.8 billion total for 2005.

"Apparently, in a year when interest rate uncertainties were paramount, borrowers were active in the market seeking to gain an edge.

"Obviously, on average, the individual deals we were looking at in 2006 were substantially larger," Davis noted.

Davis pointed out that lenders close a relatively small percentage of loan origination requests they receive. However, it's useful to track this information as an indication of market directions, he believes.

"We began 2006 with solid totals and maintained momentum through most of the year," he said.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Jan 24, 2007
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