Capital Funding Group (CFG) Closes Over $41 Million in Financing Across Three Deals

Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the company financed over $41 million across three transactions from mid-February through early March. The transactions supported four skilled nursing facilities and an assisted living and memory care community throughout the country and were executed on behalf of nationally recognized borrowers.

“We’re excited to share the closing of these deals which demonstrates CFG’s ability to provide flexible financing solutions that support our clients through operational transitions,” said Tim Eberhardt, CFG Bank Chief Lending Officer, Bridge and HUD Loans. “Unlike traditional lenders, we take a hands-on, personalized approach in executing every step from the initial application to final closing, developing unique solutions and ensuring a seamless transaction. We take pride in delivering strategic capital that strengthens healthcare facilities and positions them for long-term success.”

Details of the three transactions include:

• $27.0 million bridge-to-HUD loan for the refinancing of three skilled nursing facilities in South Carolina and Missouri, featuring a total of 397-beds, closed on February 12, 2025. CFG refinanced and upsized the debt on a portfolio, allowing the borrower to recoup operational losses resulting from a re-tenanting process.
• $8.0 million bridge-to-HUD loan which included $1.0 million in capital expenditures for the acquisition of a 95-bed skilled nursing facility in Connecticut, closed on February 27, 2025.
• $6.7 million bridge-to-HUD loan on behalf of Cascadia Senior Living & Development to support the acquisition of an 84-unit and 86-bed assisted living and memory community in Yakima, Washington, closed on March 5, 2025. Headquartered in Yakima, Cascadia has extensive experience in managing senior living facilities. Cascadia already owns and operates three other buildings in Yakima, which are collectively 99% occupied and have an impressive 28% NOI Margin.

These transactions follow CFG’s recent announcement highlighting 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.

###

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.