Capital Funding Group Finances More Than $1.7 Billion in 2023

Capital Funding Group (CFG), a leader in the healthcare and multifamily financing industry, today announced the company executed or arranged more than $1.7 billion in financing across 50 deals in 2023. This financing included 34 healthcare bridge-to-HUD loans, 5 multifamily bridge loans, and 11 HUD loans for CFG’s clients throughout the nation. Financing of the multifamily bridge-to-HUD loans totaled approximately $49.7 million of the company’s annual financing.

“It was another strong year at CFG as we continued to embrace our entrepreneurial approach to lending and delivered customized financing solutions for our clients,” said Erik Howard, CFG Bank President. “Acting as a true partner to our clients and championing their goals as our own, we were able to finance more than $1.7 billion across 50 deals in 2023. We’ve had a strong start in 2024 and are excited to continue to support our clients’ growth and success by accomplishing what other lenders cannot.” 

Notable transactions closed in H2 of 2023 include:

  • $7.2 million HUD loan to support refinancing of a 75-bed skilled nursing facility in Ohio.
  • $15.5 million HUD loan to support refinancing of a 118-bed skilled nursing facility in Arizona.
  • $43.4 million HUD loan to support refinancing of 140-bed skilled nursing facility in California.
  • $13.8 million mezzanine loan for refinancing of 12 long-term care facilities across Washington, Idaho, and Oregon. Total commitment: $92.3 million. 
  • $3.3 million bridge-to-HUD loan for refinancing of 120-bed skilled nursing facility in Florida. Total commitment: $15.3 million. 
  • $10.3 million HUD loan to support refinancing of a 94-bed skilled nursing facility in Arizona.
  • $30.3 million bridge-to-HUD financing for acquisition of three California skilled nursing facilities.
  • $22.4 million in bridge-to-HUD financing for acquisition of three Georgia skilled nursing facilities.
  • $10.9 million HUD loan to support refinancing of a 112-bed skilled nursing facility in Arizona.
  • $7.2 million HUD loan to support refinancing of 162-bed skilled nursing facility in Kentucky.
  • $34 million refinancing package for two multifamily properties in Georgia.
  • $9.5 million HUD loan to support refinancing of a 173-bed skilled nursing facility in Pennsylvania.
  • $19.8 million bridge-to-HUD loan to support acquisition of a 120-bed skilled nursing facility in Virginia.
  • $22.3 million HUD loan to support refinancing of a 114-bed skilled nursing facility in New Jersey. 
  • $52.8 million bridge-to-HUD financing for the acquisition of four Louisiana drug and alcohol facilities. 
  • $21.5 million bridge-to-HUD financing for the acquisition of a 92-bed assisted living and memory care facility in Virginia. CFG holds $10.7 million. 
  • $11.9 million bridge-to-HUD financing for the acquisition of a 120-bed skilled nursing facility in Arizona.

About Capital Funding Group (

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.

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