Capital Funding Group (CFG) proudly announces a record-setting first quarter of 2021, as it continues to support the long-term care and assisted living industries, despite these challenging times. CFG financed in excess of $800 million for its clients in Bridge-to-HUD and HUD loans, nationwide. This financing included 13 bridge loans and 31 HUD loans.
“We’re very excited to share these record-setting results as they are a true testament to our team’s dedication and commitment to supporting our clients and helping them grow their business, especially given the challenges of the pandemic,” said CFG Chairman and Sole Owner Jack Dwyer. “Our entrepreneurial spirit, paired with our ‘One-Stop Shop’ financing solutions, allow us to creatively and efficiently solve problems, execute deals and achieve client goals faster than traditional banks. We look forward to building on this momentum and continuing to grow this quarter.”
Among the deals closed in Q1, CFG executed $285 million in Bridge-to-HUD financing for the acquisition of a skilled nursing portfolio, including 16 facilities in the Mid-Atlantic region. CFG also closed a $88.9 million Bridge-to-HUD loan, which refinanced a 239-bed assisted living facility in Queens, N.Y. and a 184-bed assisted living facility in Brooklyn, N.Y.; both facilities are licensed Assisted Living Program facilities by the State of New York.
Serving and standing by its clients and partners for over 25 years, CFG is an industry leader dedicated to providing full-service financing, investing and advisory solutions to the healthcare and multifamily industries, all under one roof.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group is a full-service provider of comprehensive financing solutions for healthcare facilities nationwide, focusing on the long-term care, assisted living and hospital sectors. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop for healthcare facility owners and operators, with expertise in HUD loans, bridge lending, working capital loans, commercial banking and investment advisory services through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Community Bank, is the national leader in the FHA-insured mortgage industry, providing more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program. CFG Community Bank is an Equal Housing Lender.