Capital Funding Group Closes $180 Million in Bridge Financing for Multifamily Housing Portfolio in the Southeast Region
Capital Funding Group closes $180 million in bridge financing to support the acquisition of a multifamily housing portfolio.
Capital Funding Group (“CFG”) today announces the closing of $180 million in bridge financing to support the acquisition of a multifamily housing portfolio. The nationally recognized borrower continues to grow its national footprint with the closing of this deal. Spanning the Southeast region, the portfolio features 2,000 multifamily housing units. The transaction broker was Steven Vegh of Westwood Realty Associates.
This closing follows CFG’s recent announcement that the company will focus efforts on the multifamily sector, a natural extension of its already significant presence in the long-term care industry. CFG is also focusing efforts on the seniors housing sector, as well as continuing to expand operations in the long-term care industry.
“This is a very exciting time for CFG. We’re always looking to grow our offerings and develop creative solutions to support our clients, so expanding our focus into the multifamily sector was a natural move for our team,” said CFG Executive Managing Director of Business Development and Marketing Erik Howard. “With our One-Stop Shop financing solutions and entrepreneurial approach to lending, we do things differently and use our competitive edge in the market to help our clients reach their goals. The closing of this deal is a great testament to how we partner with clients to help expand their real estate footprint on a national scale.”
Managing Director, Multifamily, Elizabeth Buckalew originated the transaction for Capital Funding Group.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group is a full-service provider of comprehensive financing solutions for healthcare facilities nationwide, focusing on the long-term care, assisted living and hospital sectors. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop for healthcare facility owners and operators, with expertise in HUD loans, bridge lending, working capital loans and commercial banking through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Community Bank, is the national leader in the FHA-insured mortgage industry, providing more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program. CFG Community Bank is an Equal Housing Lender.