Capital Funding Group (CFG) Finances More Than $1.3 Billion in 2024
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industries, today announced the company executed or arranged more than $1.3 billion in bridge and HUD loans across 68 deals in 2024. This financing included 40 healthcare bridge loans and other lending products, 13 multifamily bridge loans, and 15 HUD loans for CFG’s clients throughout the nation.
“2024 was another standout year for CFG as we remain committed to our entrepreneurial approach to lending, delivering tailored financing solutions that address the distinct needs of our clients,” said Erik Howard, CFG Bank President. “We’re proud to not only deliver competitive financial products, but also to be trusted partners, working alongside our clients to drive their success. As we embark on 2025, we’re eager to build on last year’s momentum as we continue to accomplish what others can’t to help our clients grow their businesses.”
A sample of transactions closed in H2 of 2024 include:
- $207.1 million bridge-to-HUD term loan to support the partnership buyout of a portfolio of thirteen skilled nursing facilities, featuring 1,423 beds, in Florida.
- $185.0 million construction loan to support the first phase of construction of a 501-unit continuing care retirement community currently under development in Bethesda, Maryland.
- $132.2 million bridge loan for the refinancing of four skilled nursing facilities, featuring 731 beds, in Virginia.
- $65.0 million bridge loan for the refinancing of a 689-bed portfolio, featuring seven skilled nursing facilities, an assisted living facility, and an independent living facility, in Ohio, to provide a divided recapitalization to the owners.
- $30.8 million bridge-to-HUD loan for the acquisition of a 121-bed skilled nursing facility in Nevada.
- $24.3 million bridge-to-HUD loan for the refinancing of two skilled nursing facilities, supporting a total of 246 beds, in North Carolina.
- $20.6 million bridge-to-HUD loan for the refinancing of nine skilled nursing facilities, supporting 471 beds, in Iowa.
- $20.4 million value-add bridge loan for two multifamily properties, featuring a total of 181 units, in Georgia.
- $18.0 million bridge-to-HUD mezzanine loan for the refinancing of four skilled nursing facilities, supporting 551 beds, in Florida.
- $15.3 million bridge-to-HUD loan for the acquisition of a 159-bed skilled nursing facility in Alabama.
- $14.0 million bridge-to-HUD loan for the acquisition of a 192-bed skilled nursing facility in Ohio.
- $13.6 million HUD loan for the refinancing of a 138-bed skilled nursing facility in California.
- $13.1 million bridge loan to support the refinancing of a 120-bed assisted living and memory care facility in Scottsdale, Arizona.
- $12.8 million HUD loan for the refinancing of existing debt for a 120-bed skilled nursing facility in South Carolina.
- $11.9 million bridge-to-HUD loan for the refinancing of two skilled nursing facilities, featuring a total of 118 beds, in California.
- $11.6 million bridge loan for the acquisition of an 86-bed skilled nursing facility in California. This deal built on a $30.2 million loan CFG previously executed in 2023 for the acquisition of 3 skilled nursing facilities. This loan increase brings the total loan to $41.8 million, and the borrower’s portfolio now features 568 beds across four facilities.
- $10.0 million bridge-to-HUD loan to support a 126-bed skilled nursing facility in Vermont.
- $5.9 million HUD loan for the refinancing of a 156-bed skilled nursing and assisted living facility in Ohio.
- $2.7 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.
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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.
