We’re not sure how, but Capital Funding Group announced a record-setting first half of 2020 with more than $600 million in financings closed for skilled nursing and assisted living clients. We’re sure that not only made those at Capital Funding Group happy, but also their clients, who were able to access capital during the liquidity crunch at the start of the pandemic.
Getting to that impressive volume, CFG closed 27 bridge loans totaling more than $400 million, 23 HUD loans totaling about $200 million and six A/R lines of credit that reached over $30 million in combined capital. In February, CFG also launched a new off-balance sheet financing program that significantly expanded its bridge loan lending capacity. This start to the year follows more than $1 billion in loans closed in 2019, once again including bridge loans, HUD loans and A/R credit lines.
