Bridge Lending
CFG offers bridge lending services through Capital Lending and Mortgage Group, LLC.
When you require timelier financing for your acquisition, refinancing, repairs, renovations, additions or conversions, we offer Bridge-to-HUD lending solutions, up to $1 billion.
Throughout the execution process, we work with you to mitigate HUD take-out risk by ensuring principals and transactions meet HUD specifications. We manage loans with a focus on HUD 232 or HUD multifamily standards, set up the appropriate legal structure for HUD during the bridge loan period, and ensure that all legal documents remain HUD-compliant. LEAN and MAP (Multifamily Accelerated Processing) guidelines are carefully considered and applied to bridge-to-HUD loans. This process streamlines the HUD application process and helps reduce the transaction costs and execution risk.
After your loan is executed, our partnership doesn’t end; we continue servicing your bridge loan, for the life of the loan.
Benefits
- Timely loan processing
- Variable rate debt
- Interest only for a prescribed period
- 18–60-month terms
- Underwritten based upon HUD loan take-out and to HUD specifications
- Serviced and structured to HUD specification to mitigate take-out risk
We are extremely pleased with Capital Funding Group. In what is a very challenging market environment for both skilled nursing operators and for the lending community, CFG demonstrated continued commitment to our company and to the healthcare industry, despite the backdrop of COVID-19.
Elliott Mandelbaum, Eagle Arc Partners
Track Record
CFG has a highly-successful track record of creating new products and investment platforms that are tangential to and leverage the entire CFG family of companies.
Assisted Living Facilities | New York
Overview
CFG closed an $88.9 bridge loan, for a nationally-recognized borrower and industry-leading provider, to refinance a 239-bed assisted living facility in Queens, N.Y. and a 184-bed assisted living facility in Brooklyn, N.Y. Both facilities are licensed Assisted Living Program facilities by the State of New York.
Approach
Unlike most loans, this deal required specific and limited facility licensing from the state of New York. CFG worked closely with the borrower and the state to efficiently and creatively execute a financing solution to support the client’s growing needs.