BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has announced an expansion from long-term care into the multifamily and seniors housing sectors.
To help run the new divisions, CFG has promoted Erik Howard to executive managing director of business development and marketing.
During his 17-year career at CFG, Howard has been involved with the financing of more than $7 billion of healthcare and multifamily assets. With the move into seniors housing and apartments, Howard and CFG expect that amount to double in the next three years.
Along with the announcement, CFG has built a team around the two new sectors. Ken Assiran will lead CFG’s seniors housing lending platform. Assiran brings with him over 30 years of experience in financings and debt structuring, and with these expanded duties, will also continue to run the CFG-affiliate Capital Health Group.
Additionally, CFG has hired Elizabeth Buckalew to head its multifamily efforts. Buckalew, who was most recently with JP Morgan’s corporate banking team in New York, and before that SunTrust, will be open CFG’s new New York City office.
CFG has also promoted Craig Casagrande and Tim Eberhardt to be co-heads of its long-term care business development group.