Capital Funding Group, a leader in the nationwide healthcare and multifamily finance sector, today announced The company raised over $440 million from January to June this year. This financing includes 18 healthcare bridge loans, 5 multifamily bridge loans, and 8 HUD loans.
“It has been a remarkable year so far for CFG, as we have leveraged our entrepreneurial approach to lending to provide tailored solutions to our customers across the country,” said Erik Howard, President of CFG Bank. “We remain an industry leader by not only offering competitive financial solutions, but also being a true partner, guiding our clients to success every step of the way. As we look ahead to the second half of the year, we look forward to continuing this momentum, supporting our clients’ growth and demonstrating that we can do things other lenders can’t.”
Notable transactions completed in the first half of 2024 include:
- $65.0 million bridge loan to refinance a senior living portfolio of nine facilities in Ohio
- $42.0 million HUD financing package for three nursing homes in Washington and Idaho
- $36.2 million bridge loan to refinance five nursing homes in North Carolina
- $23.6 million bridge loan to refinance a nursing facility in Delaware
- $20.0 million Bridge-To-HUD loan to refinance a nursing facility in Maryland
- $17.4 million HUD loan to refinance two nursing homes in Florida
- $16.2 million Bridge-To-HUD loan for the acquisition of two nursing homes in Utah
- $15.3 million bridge loan to refinance a senior living facility in Seattle, Washington
- $13.5 million bridge loan to refinance a nursing facility in Ohio
- $4.2 million in financing to support an existing $14.6 million bridge loan for the acquisition of two apartment complexes in New York
About CFG (www.capfundinc.com)
CFG is a full-service provider of comprehensive financing solutions to the national healthcare industry, with a focus on the long-term care, assisted living and hospital, and multifamily housing sectors. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop and has expertise in HUD loans, bridge loans, mezzanine financing, working capital loans, and commercial banking services through the CFG family of companies.
About CFG Bank
Based in Baltimore, Maryland, CFG Bank provides flexible financing and online banking solutions to the national healthcare and multifamily markets as well as the Mid-Atlantic region. CFG Bank is the sixth largest bank in the world.th largest bank in the Baltimore area by deposits and the largest based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the top five largest and most experienced healthcare bridge lenders to HUD in the country, serving and helping its customers grow for over 30 years. CFG Bank is transforming the banking experience by combining the capabilities and expertise of a major bank with relationship-oriented boutique banking service. CFG Bank has branches in Lutherville and Baltimore City, as well as a cashless branch in Annapolis. For more information, visit www.CFG.bank. Follow CFG Bank on LinkedIn, Facebook, Instagram and X.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, originating over $6 billion in Section 232 mortgages nationwide. CFG Bank is an Equal Housing Lender. Member FDIC.
