Capital Funding Group (CFG) Closes $50.3 Million Delayed Draw Bridge-to-HUD Loan to Recapitalize a Portfolio of 13 Skilled Nursing Facilities
The Facilities Are Located in California, New Hampshire & Massachusetts
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the closing of a $50.3 million delayed draw bridge-to-HUD loan to support the recapitalization of 13 skilled nursing facilities. The deal was secured by first-priority collateral on a single asset in California, as well as mezzanine collateral on twelve additional assets in California, New Hampshire and Massachusetts. The funding provided for an immediate recapitalization of one real estate asset in California and for additional delayed draw proceeds that will be used to further capitalize the other 12 assets which are part of an existing HUD portfolio. CFG intends to refinance into permanent long-term HUD debt. CFG closed the transaction on August 20, 2025.
“This transaction demonstrates CFG’s ability to deliver flexible, creative financing solutions that meet our clients’ most complex needs,” said CFG Bank President Erik Howard. “By structuring a deal that provides both immediate recapitalization and additional capital for long-term growth, we’re helping our client strengthen their portfolio today while positioning them for a seamless transition to permanent HUD financing in the future.”
CFG Director, Healthcare Finance Andrew Jones added, “By executing a bespoke financing structure that mitigates HUD take-out risk while providing both short- and long-term recapitalization, this solution not only supports our client’s financial goals but also ensures stability for the communities their facilities serve. We look forward to refinancing this loan into a permanent HUD-insured loan.”
Jones originated the transaction for the company.
This transaction follows CFG’s recent announcement highlighting the company’s Bridge-to-HUD and HUD teams financed more than $930 million across 50 transactions in the first half of 2025. This financing included 14 HUD loans, 21 bridge loans, and 15 accounts receivable loans for clients across the country.
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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 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.
