Capital Funding Group (CFG) Closes $93.8 Million Bridge-to-HUD Financing for Nine Skilled Nursing Facilities in Utah
Executed Additional $11 Million in Accounts Receivable Financing
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industries, today announced the closing of a $93.8 million bridge-to-HUD loan, on behalf of a nationally recognized borrower. The deal supported financing for nine skilled nursing facilities, featuring 969 beds, in Utah. CFG closed the transaction on February 7, 2025. CFG also provided $11 million in accounts receivable financing to support the working capital needs of the portfolio.
“The closing of this deal reflects the strong momentum we carried into 2025, following a standout year in 2024,” said Tim Eberhardt, CFG Bank Chief Lending Officer, Bridge and HUD Loans. “When clients need expedited financing, our bridge-to-HUD lending solutions provide a strategic advantage. Throughout the process, we collaborate closely with clients to mitigate HUD take-out risk, ensuring a smoother transition to HUD financing when the time is right—all while helping them achieve their immediate goals.”
Tommy Dillon, Capital Funding, LLC Director, originated the bridge-to-HUD transaction for the company. Jeffery Stein, Capital Finance, LLC Managing Director, originated the accounts receivable transaction for the company.
This financing follows CFG’s recent announcement highlighting the company executed or arranged more than $1.3 billion in bridge and HUD loans across 68 deals in 2024. This financing included 41 healthcare bridge loans and other lending products, 12 multifamily bridge loans, and 15 HUD loans for CFG’s clients throughout the nation.
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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 region. 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 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.
