Capital Funding Group (CFG) Closes Five Deals Totaling More Than $54 Million

Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industries, today announced the recent closing of five transactions totaling more than $54 million from mid-October through mid-November this year in addition to previously announced deals and unannounced deals. The financing supported six healthcare facilities and two multifamily properties throughout the country and was executed on behalf of nationally recognized borrowers.

Details of the five transactions include:

• $2.72 million bridge-to-HUD junior term loan for the acquisition of two skilled nursing facilities, featuring a total of 194 beds, in Maryland and Delaware. Andrew Jones, Director, Healthcare Finance, originated the deal, and the financing closed on October 8, 2024. The transaction had a total senior and junior debt capital stack of $27.83 million.
• $12.87 million HUD loan for the refinancing of existing debt for a skilled nursing facility, featuring 120 beds, in South Carolina. James Zabel, Vice President, originated the deal, and the financing closed on October 21, 2024.
• $5.95 million HUD loan for the refinancing of a skilled nursing and assisted living facility, featuring 156 beds, in Ohio. Craig Casagrande, Managing Director, Real Estate Finance, originated the deal, and the financing closed on November 7, 2024.
• $20.48 million value-add bridge loan for two multifamily properties, featuring a total of 181 units, in Georgia. Elizabeth Buckalew, Managing Director, Multifamily, and Andrew Yerger, Associate, originated the deal, and the financing closed on November 8, 2024.
• $11.98 million bridge-to-HUD loan for the refinancing of two skilled nursing facilities, featuring a total of 118 beds, in California. The financing consolidated existing debt and provided a dividend recapture for the borrower, which will exit with long-term HUD financing soon after closing. Patrick McGovern, Director of Long-Term Care, and Ryan Hunsicker, Senior Associate, originated the deal, and the financing closed on November 13, 2024.

These transactions follow CFG’s recent announcement highlighting the closing of a $132.24 million bridge loan, on behalf of a nationally recognized borrower. The deal supported the refinancing of four skilled nursing facilities, featuring 731 beds, in Virginia. CFG closed the transaction on October 29, 2024 – 47 days from receipt of the signed term sheet. Craig Casagrande, Capital Funding, LLC Managing Director, Real Estate Finance, and Catherine Mansel, Capital Funding, LLC Associate, originated the transaction for the company.

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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.