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BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has financed $411.2 million across 27 deals in the first half of this year.
This financing included 19 healthcare bridge loans, five multifamily bridge loans and three HUD loans. Financing of the multifamily bridge loans totaled $49.7 million of the company’s January to June financing.
A list of transactions closed in the first half of 2023 includes:
- $207 million to refinance 10 skilled nursing facilities across Maryland, Virginia and North Carolina.
- $84 million in bridge-to-HUD financing to support the acquisition of seven skilled nursing facilities and one assisted living facility in Alabama.
- $34 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities in Pennsylvania.
- $32 million in bridge-to-HUD financing for the acquisition of a 200-bed skilled nursing facility in New York.
- $27 million in construction financing for the conversion of a partially completed hotel to a 191-unit assisted living community in Sunrise, Florida.
- $13 million in financing to support a skilled nursing facility in Vermont.
- $10 million in financing to support a 99-bed skilled nursing facility in California.
- $10-million in bridge-to-HUD financing for a 112-bed skilled nursing facility in Arizona.
- $8 million in mezzanine financing for the acquisition of a skilled nursing facility in Brooklyn, New York.
- $3 million in bridge-to-HUD financing for the acquisition of two skilled nursing facilities with 108 beds combined in Washington state.