Capital Funding Group (CFG) Finances More Than $440 Million in First Half of 2024
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the company has financed over $440 million from January through June of this year. This financing includes 18 healthcare bridge loans, 5 multifamily bridge loans, and 8 HUD loans.
“It’s been a remarkable year so far at CFG, embracing our entrepreneurial approach to lending to deliver tailored solutions to clients across the nation,” said Erik Howard, CFG Bank President. “We remain at the forefront of the industry by not just providing competitive financial solutions, but also by being a true partner who is there every step of the way to help our clients achieve success. As we look to the second half of the year, we’re excited to continue this momentum supporting our clients’ growth and demonstrating that we can do what other lenders can’t.”
Notable transactions closed in H1 of 2024 include:
- $65.0 million bridge loan for the refinancing of a nine-facility senior living portfolio in Ohio
- $42.0 million HUD financing package for three skilled nursing facilities in Washington and Idaho
- $36.2 million Bridge-to-HUD loan for the refinancing of five skilled nursing facilities in North Carolina
- $23.6 million Bridge-to-HUD loan for the refinancing of a skilled nursing facility in Delaware
- $20.0 million Bridge-to-HUD loan for the refinancing of a skilled nursing facility in Maryland
- $17.4 million HUD loans for the refinancing of two skilled nursing facilities in Florida
- $16.2 million Bridge-to-HUD loan for the acquisition of two skilled nursing facilities in Utah
- $15.3 million bridge loan for the refinancing of a senior living community in Seattle, Washington
- $13.5 million Bridge-to-HUD loan for the refinancing of a skilled nursing facility in Ohio
- $4.2 million in financing to support an existing $14.6 million bridge loan for the acquisition of two apartment complexes in New York
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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.
