Capital Funding Group Continues to Grow – Financing More Than $1.8 Billion in First Half of Year
Capital Funding Group today announced the company has financed more than $1.8 billion in the first half of this year.
Capital Funding Group (CFG), a leader in the healthcare and multifamily financing industry, today announced the company has financed more than $1.8 billion in the first half of this year. This financing included 55 bridge loans and 13 HUD loans for CFG’s long-term care, assisted living facility and multifamily clients nationwide.
Over $780 million of this financing is specific to multifamily deals, which supported CFG’s recent Multifamily Lending Platform milestone of financing more than $1 billion in multifamily deals since the Platform’s launch in late 2021.
“Following a record-setting 2021, we’re excited about our momentum in 2022 as we continue to grow our business and support our clients’ goals,” said Erik Howard, CFG Executive Managing Director of Business Development and Marketing. “In addition to being the original one-stop shop for healthcare and multifamily financing, we create strong personal relationship with every client and treat them as a partner, taking on their goals as our own. Our success is a testament to our team’s entrepreneurial approach to execute creative solutions, as well as our commitment to helping our clients grow and succeed.”
A list of transactions closed in the first half of 2022 includes:
- $316.9 million bridge loan for the refinancing of a nationwide skilled nursing facility portfolio
- $197.5 million for the acquisition of a 24-facility portfolio across Maryland, Virginia and North Carolina
- $135 million bridge loan for the refinancing and divided recapitalization of a 9-facility portfolio across Maryland, Georgia and West Virginia
- $32.9 million construction loan for the ground up development of a 108-bed facility in Temecula, California
- $18.8 million HUD loan for a 152-bed skilled nursing facility in Florida
- $17.2 million in Bridge-to-HUD financing for the acquisition of two facilities, with 232 beds combined, in Arizona
- $11.2 million in Bridge-to-HUD financing for the acquisition of a 121-bed facility in Sacramento, California
- $10.57 million in Bridge-to-HUD financing for the acquisition of an 84-bed skilled nursing facility in Pittsgrove, New Jersey
- $6.6 million HUD loan for a 175-bed skilled nursing facility in Connecticut