CFG Completes $2.7B in Financing in 2022

by Jeff Shaw

BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has released its year-end seniors housing financing numbers. The company provided more than $2.7 billion in financing across 112 deals.

The loan portfolio included 24 HUD loans, in excess of $250 million, and 88 healthcare and multifamily bridge-to-HUD loans, in excess of $2.5 billion.

“Although rising interest rates have created some uncertainty, we’re leaning in — and will continue to lean in — and getting creative in how we execute financing to help our clients grow,” says Erik Howard, CFG’s executive managing director.

The transactions included:

  • a $317 million bridge loan for the refinancing of a nationwide skilled nursing facility portfolio.
  • a $198 million loan for the acquisition of a 24-facility portfolio across Maryland, Virginia and North Carolina.
  • a $135 million bridge loan for the refinancing and dividend recapitalization of a nine-facility portfolio across Maryland, Georgia and West Virginia.
  • a $40 million loan for the refinancing of an assisted living and memory care facility in Simi Valley, California.
  • a $33 million construction loan for the ground-up development of a 108-bed facility in Temecula, California.
  • a $21 million loan for a multifamily facility in the Northeast.
  • a $19 million HUD loan for a 152-bed skilled nursing facility in Florida.
  • an $18 million loan for the refinancing of a 99-bed assisted living and memory care facility in Highland, California.
  • a $17 million in bridge-to-HUD financing for the acquisition of two facilities, with 232 beds combined, in Arizona.
  • an $11 million bridge-to-HUD financing for the acquisition of a 121-bed facility in Sacramento, California.
  • an $11 million bridge-to-HUD financing for the acquisition of an 84-bed skilled nursing facility in Pittsgrove, New Jersey.
  • a $9 million loan for a multifamily facility in the Northeast.
  • a $7 million HUD loan for a 175-bed skilled nursing facility in Connecticut.
  • a $6 million loan for a multifamily facility in the Southeast.

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