Capital Funding Group (CFG) Closes $50.5 Million in Subordinate Financing to Support Refinancing of 25 Skilled Nursing Facilities Nationwide
CFG’s Subordinate Financing Contributed to Borrower’s Total $375.5 Million Loan
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the closing of $50.5 million in subordinate financing, which contributed to a $375.5 million loan, for the refinancing of twenty five skilled nursing facilities across California, Colorado, Georgia, Maryland, West Virginia, and Wyoming, featuring 3,243 beds. CFG partnered with the nationally recognized borrower to restructure two existing bridge loans into one consolidated debt capital structure. CFG closed the transaction on March 13, 2025.
“This transaction emphasizes our ability to develop customized solutions to support our clients’ needs and long-term goals,” said CFG Bank President, Erik Howard. “Understanding our client’s goals of an eventual exit through HUD’s 232/223(f) program, we looked at how to best execute their short-term finance needs with this goal in mind.”
Capital Funding, LLC Managing Director, Real Estate Craig Casagrande added, “By restructuring two existing bridge loans into one consolidated debt capital structure, we provided a flexible capital solution to our client, and they are more advantageously set up with a HUD-ready, stabilized portfolio to streamline a future exit through a 232/223(f) loan.”
Casagrande, Tim Eberhardt, CFG Bank Chief Lending Officer, Bridge and HUD Loans, and Catherine Mansel, Capital Funding, LLC Associate, originated the transaction for the company.
This transaction follows CFG’s recent announcement highlighting the closing of three deals for over $41 million in financing, on behalf of nationally recognized borrowers. The deals supported financing for four skilled nursing facilities, featuring 492 beds, and an assisted living and memory care community, featuring 84 units and 86 beds, throughout the country. CFG closed the transactions from mid-February through early March.
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About Capital Funding Group (www.capfundinc.com)
CFG is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CFG family of companies.
About CFG Bank
CFG Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic commercial banking market. CFG Bank is the largest bank headquartered in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5.3 billion in assets at the end of 2024 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CFG Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. CFG Bank has branches in Lutherville and Baltimore City, and a cashless branch in Annapolis. For more information, visit www.CFG.bank, and follow CFG Bank on LinkedIn, Facebook, Instagram, and X. Member FDIC.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $6 billion in Section 232 mortgages nationwide. CFG Bank is an Equal Housing Lender. Member FDIC.
