Capital Funding Group (CFG) Closes $350.9 Million Across Twelve Deals

Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the company financed more than $350.9 million across twelve transactions from mid-September through the end of October. The transactions supported 25 skilled nursing facilities and one mixed skilled nursing/assisted living facility across Maryland, New York, South Carolina, Texas, New Jersey, Washington, Georgia, Tennessee, and Missouri on behalf of nationally recognized borrowers.

“Closing this level of volume in just over six weeks demonstrates the continued strength of our platform and the trust our healthcare clients place in CFG,” said CFG Bank President Erik Howard. “We’re proud to deliver the reliability and efficiency our clients rely on so they can focus on providing high-quality care.”

“These transactions reflect the range of our lending capabilities—from construction to refinancing and acquisitions,” added Tim Eberhardt, Chief Lending Officer, Bridge and HUD Loans. “Our team’s experience across asset types and deal structures allows us to meet clients where they are and help them move forward with confidence.” 

Details of the twelve transactions include:

• $38.1 million HUD loan for the refinancing of one skilled nursing facility in Maryland, featuring a total of 156 beds. CFG Chief Lending Officer, Bridge and HUD Loans Tim Eberhardt, Managing Director, Real Estate Craig Casagrande, and Associate Catherine Mansel originated the deal, which closed on September 18, 2025.
• $17.0 million bridge loan increase for a 123-bed skilled nursing and 60-unit assisted living facility in New York, providing additional capital to the borrower for corporate use. CFG Managing Director, Real Estate Craig Casagrande originated the deal, which closed on September 26, 2025. 

• $17.7 million bridge loan increase for a 96-bed skilled nursing facility in New York, providing additional capital to the borrower for corporate use. CFG Managing Director, Real Estate Craig Casagrande originated the deal, which closed on September 26, 2025. 
• $6.5 million construction loan for the development of a 100-bed skilled nursing facility in South Carolina, replacing an existing 88-bed facility in a more desirable location in Myrtle Beach. CFG Vice President Jimmy Zabel originated the deal, which closed on September 30, 2025. This loan contributed to the borrower’s total $26.5 million loan.
• $7.3 million HUD loan for the refinancing of a 136-bed skilled nursing facility in Houston, Texas. The facility was originally financed by CFG with an acquisition bridge loan in 2019. CFG Director, Long-Term Care Patrick McGovern originated the deal, which closed on October 8, 2025.
• $33.0 million bridge loan for the refinancing of a 240-bed skilled nursing facility in New York. CFG Managing Director, Real Estate Craig Casagrande and Associate Catherine Mansel originated the deal, which closed on October 16, 2025.
• $7.3 million HUD loan for the refinancing of an 88-bed skilled nursing facility in Texas. CFG Managing Director, Real Estate Craig Casagrande and Associate Catherine Mansel originated the deal, which closed on October 16, 2025.  
• $20.0 million HUD loan for the refinancing of a 126-bed skilled nursing facility in New Jersey. CFG Managing Director, Real Estate Craig Casagrande and Associate Catherine Mansel originated the deal, which closed on October 23, 2025.
• $35.6 million HUD loan for the refinancing of a 162-bed skilled nursing facility in New Jersey. CFG Managing Director, Real Estate Craig Casagrande and Associate Catherine Mansel originated the deal, which closed on October 23, 2025.
• $16.8 million bridge loan for the acquisition of a 125-bed skilled nursing facility in Washington. CFG Senior Associate Ava Julio originated the deal, which closed on October 24, 2025.
• $137.0 million bridge loan for the acquisition of eight skilled nursing facilities totaling 826 beds in Georgia. CFG Director, Healthcare Finance Andrew Jones and Senior Associate Ava Julio originated the deal, which closed on October 31, 2025.
• $14.3 million mezzanine loan supporting the acquisition of eight skilled nursing facilities totaling 1,339 beds across Georgia, Tennessee, and Missouri. The transaction involved multiple operating partners and a short closing timeline. CFG Director, Long-Term Care Patrick McGovern and Associate Ryan Hunsicker originated the deal, which closed on October 31, 2025.

These transactions follow CFG’s recent announcement highlighting the closing of a $179.8 million construction loan on behalf of Erickson Senior Living. The financing will support the first phase of construction for Emerson Lakes, a continuing care retirement community, currently under development in the Lakewood Ranch community in Sarasota County, Florida. CFG closed the financing on September 22, 2025.

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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 $5.6 billion in assets at the end of June 2025 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 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 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.