Capital Funding Group Closes $15.36 Million for Refinancing of Senior Living Community in Seattle
Capital Funding Group (CFG) today announced the closing of a $15.36 million bridge loan. The refinancing supported Truewood by Merrill, First Hill, a 98-unit independent living, assisted living and memory care community in Seattle, Washington. CFG closed the financing on January 23, 2024, on behalf of the joint-venture ownership.
“This financing contributes to the strong start to the year and underscores our position as an industry leading bridge financing lender,” said Ken Assiran, CFG’s Managing Director – Senior Housing. “We simplify the loan process and execute deals more efficiently than traditional lenders, enabling clients to secure the funding they need to achieve their business goals. Committed to client success, after we execute a loan, our partnership doesn’t end; we continue servicing the loan for the life of the loan.”
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group 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 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.
