Capital Funding Group (CFG) Closes Four Deals Totaling More Than $53 Million
Total Financing Supported Three Skilled Nursing Facilities and Four Assisted Living and Memory Care Facilities in South Carolina and Georgia
Capital Funding Group (CFG), a leader in the nationwide healthcare and multifamily financing industry, today announced the company financed more than $53 million across four transactions from mid to late March. The transactions supported three skilled nursing facilities and four assisted living and memory care facilities throughout South Carolina and Georgia on behalf of nationally recognized borrowers, one of which is a returning client.
“We’re proud to deliver dependable financing that helps our clients grow and achieve their goals,” said CFG Bank President Erik Howard. “These transactions underscore our deep expertise in healthcare financing and our ability to execute customized solutions to meet the evolving needs of our clients. Strengthening relationships with existing clients speaks to the trust we’ve earned—and our commitment to their continued success.”
CFG Bank Chief Lending Officer, Bridge and HUD Loans Tim Eberhardt added, “From bridge-to-HUD acquisition loans to permanent HUD refinancings and more, we’re committed to supporting the growth and stability of skilled nursing and assisted living facilities. These transactions highlight our ability to structure financing across the full lifecycle of healthcare facility ownership with our one-stop-shop loan products.”
Details of the four transactions include:
- $13.0 million bridge-to-HUD loan for the acquisition of four assisted living and memory care facilities in Georgia, featuring a total of 219 beds. CFG closed the deal on March 19, 2025. CFG Vice President James Zabel originated the transaction.
- $12.4 million HUD loan for the refinancing of a skilled nursing facility in Inman, South Carolina, featuring 176 beds. Closed on March 26, 2025, CFG executed the permanent, low-interest rate, non-recourse financing for an existing client. CFG Director, Long-Term Care Patrick McGovern and Senior Associate Ryan Hunsicker originated the transaction.
- $12.2 million HUD loan for the refinancing of an 88-bed skilled nursing facility in South Carolina. CFG closed the deal on March 27, 2025. Capital Funding, LLC Managing Director, Real Estate Craig Casagrande originated the transaction.
- $15.5 million HUD loan for the refinancing of a 163-bed skilled nursing facility in South Carolina. CFG closed the deal on March 27, 2025. Capital Funding, LLC Managing Director, Real Estate Craig Casagrande originated the transaction.
These transactions follow CFG’s recent announcement highlighting the closing of a $53.4 million bridge-to-HUD loan. The deal provided interim financing to facilitate the refinancing of a maturing loan supporting two skilled nursing facilities and one assisted living facility in Victorville, CA. CFG intends to refinance the loan into permanent, long-term debt insured through HUD. CFG closed the transaction on March 31, 2025.
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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.
