Capital Funding Group Surpasses $1.3 Billion in Financing Through 68 Deals in 2024

Capital Funding Group (CFG), a major player in healthcare and multifamily financing across the U.S., completed over $1.3 billion in lending transactions in 2024. The company facilitated this significant amount through 68 deals, which included 40 healthcare bridge loans, 13 multifamily bridge loans, and 15 HUD loans. These transactions reflect the company's strategy of offering customized financial solutions tailored to the specific needs of its clients.

Commenting on the company's performance, CFG Bank President Erik Howard said, “2024 was another standout year for CFG as we remain committed to our entrepreneurial approach to lending, delivering tailored financing solutions that address the distinct needs of our clients. We're proud to not only deliver competitive financial products, but also to be trusted partners, working alongside our clients to drive their success.” Howard emphasized the company’s plans to continue its upward trajectory in 2025 by leveraging its recent successes.

A series of major transactions were closed during the second half of 2024, including a $207.1 million bridge-to-HUD loan for the buyout of a 1,423-bed skilled nursing facility portfolio across thirteen properties in Florida. Additionally, a $185 million construction loan was provided to support the first phase of a 501-unit continuing care retirement community in development in Bethesda, Maryland.

In Virginia, CFG arranged a $132.2 million bridge loan for the refinancing of four skilled nursing facilities, comprising 731 beds. The company also executed a $65 million bridge loan in Ohio to refinance a 689-bed portfolio consisting of seven skilled nursing facilities, an assisted living facility, and an independent living facility.

Additional deals included a $30.8 million bridge-to-HUD loan for the acquisition of a 121-bed skilled nursing facility in Nevada and a $24.3 million bridge-to-HUD loan for the refinancing of two skilled nursing facilities in North Carolina. A $20.6 million loan supported the refinancing of nine facilities in Iowa, collectively containing 471 beds.

Notable multifamily lending activity included a $20.4 million value-add bridge loan for two multifamily properties with 181 units in Georgia. Healthcare-related transactions featured an $18 million bridge-to-HUD mezzanine loan in Florida to refinance four skilled nursing facilities and a $15.3 million bridge-to-HUD loan for the acquisition of a 159-bed skilled nursing facility in Alabama.

CFG's healthcare lending efforts extended to California, with a $13.6 million HUD loan for the refinancing of a 138-bed skilled nursing facility and an $11.6 million bridge loan for an 86-bed facility acquisition, bringing a borrower's total loan to $41.8 million across four properties. Other deals included $10 million for a 126-bed skilled nursing facility in Vermont and a $5.9 million HUD loan in Ohio.

Headquartered in Baltimore, Maryland, CFG has built its reputation as a one-stop financial provider for long-term care, assisted living, and multifamily housing. Its sister company, CFG Bank, also headquartered in Baltimore, continues to expand its role as one of the largest healthcare bridge-to-HUD lenders in the U.S., having grown its assets to over $5 billion by the end of 2023. With branches in Lutherville, Baltimore City, and a cashless location in Annapolis, the bank combines large-scale lending capabilities with personalized, boutique services.

Through its subsidiary Capital Funding, LLC, CFG has delivered more than $6 billion in Section 232 mortgages, further solidifying its leadership within the FHA-insured mortgage industry.