Capital Funding Group Closes $34 Million Refinancing Package for Two Multifamily Properties in Georgia
CFG Closed A $4-Million Mezzanine Loan and Facilitated Placement of $30 Million in Senior Debt
Capital Funding Group (CFG) today announced the closing of a $34 million refinancing package for two multifamily properties in Georgia. CFG closed a $4-million mezzanine loan and facilitated the placement of $30 million in senior debt. The properties, located in Austell, Ga., operate 290 units. The financing was closed on December 5, 2023, on behalf of a nationally recognized borrower.
“We’re excited to share news of this closing as it reinforces our ability to execute creative solutions to support our clients’ goals,” said Elizabeth Buckalew, CFG Managing Director, Multifamily. “Our flexibility, coupled with our 30 years of experience, allow us to do things differently and simplify the loan process so we can execute deals more efficiently than traditional lenders.”
Capital Funding Group Managing Director, Multifamily, Elizabeth Buckalew and Associate Andrew Yerger originated the transaction for the company.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group 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.