Capital Funding Group (CFG) Closes $65 Million in Refinancing for Nine-Facility Senior Living Portfolio
Ohio-based Portfolio Includes Independent Living, Assisted Living, and Skilled Nursing Facilities
Capital Funding Group (CFG) today announced the closing of a $65 million bridge loan to support the refinancing of nine-facility senior living portfolio in Ohio. The portfolio includes one independent living facility, one assisted living facility, and seven skilled nursing facilities totaling 709 beds. The financing was closed on March 26, 2024, on behalf of a nationally recognized borrower.
“This deal encapsulates our bullish position on the full continuum of care,” said Tim Eberhardt, CFG Bank Chief Lending Officer, Bridge and HUD Loans. “With our one-stop-shop, comprehensive loan offerings and entrepreneurial approach to lending, our team is able efficiently execute deals of all sizes and complexities, including multi-facility deals like this one, to help our clients grow their business.”
Capital Funding, LLC Managing Director, Real Estate Finance, Craig Casagrande and Capital Funding, LLC Associate Catherine Mansel originated the transaction for the company.
This financing follows CFG’s recent announcement of the closing of a Bridge-to-HUD loan totaling $13.5 million. The loan supported the refinancing of a skilled nursing facility in Ohio, which accommodates a total of 120 beds. The financing was closed on March 26, 2024, on behalf of a nationally recognized borrower.
About CFG (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 region. CFG Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 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.
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.
