Capital Funding Group Closes $18 Million for Refinancing of Assisted Living and Memory Care Facility in California￼￼
CFG announced the closing of a $18 million loan for the refinancing of a 99-bed assisted living and memory care facility in Highland, California.
Capital Funding Group (CFG) today announced the closing of a $18 million loan for the refinancing of a 99-bed assisted living and memory care facility, Brightwater Senior Living of Highland, in Highland, California. The transaction was executed on behalf of nationally recognized borrower, Brightwater Senior Living. Brightwater Senior Living developed the facility in 2014 and is the current owner-operator.
“Following the closing of over $1.8 billion in the first half of this year, and the recent closings from our Capital Health Group team, we continue to showcase our leadership in the industry and ability to support our client’s growing needs,” said Erik Howard, CFG Executive Managing Director of Business Development and Marketing. “At CFG, we think like business owners and are more than a lender. We act as a business partner, working creatively to find unique solutions to accomplish goals.”
Capital Health Group Managing Principal and CFG Bank Seniors Housing Director Ken Assiran added, “This is a very exciting time for CFG, and the continued success of our Seniors Housing Lending Platform demonstrates yet again our team’s dedication and commitment to supporting our clients and helping them grow their business and expand their footprint.”