Capital Funding Group announced the company executed or arranged more than $1.7 billion in financing across 50 deals in 2023. These financings included 24 healthcare bridge-to-HUD loans, five multifamily bridge loans and 11 HUD loans. Financing of the multifamily bridge-to-HUD loans totaled approximately $49.7 million of the company’s annual financing.
In that timespan, CFG closed numerous refinances, including:
- $7.2 million HUD loan for a 75-bed skilled nursing facility in Ohio.
- $15.5 million HUD loan for a 118-bed skilled nursing facility in Arizona.
- $43.4 million HUD loan for a 140-bed skilled nursing facility in California.
- $13.8 million mezzanine loan for 12 long-term care facilities across Washington, Idaho, and Oregon. Total commitment: $92.3 million.
- $3.3 million bridge-to-HUD loan for a 120-bed skilled nursing facility in Florida. Total commitment: $15.3 million.
- $10.3 million HUD loan for a 94-bed skilled nursing facility in Arizona.
- $10.9 million HUD loan for a 112-bed skilled nursing facility in Arizona.
- $7.2 million HUD loan for a 162-bed skilled nursing facility in Kentucky.
- $22.3 million HUD loan for a 114-bed skilled nursing facility in New Jersey.
- $9.5 million HUD loan for a 173-bed skilled nursing facility in Pennsylvania.
- $34 million package for two multifamily properties in Georgia.
CFG also closed several acquisition financings, as well, including:
- $30.3 million bridge-to-HUD loan for three California skilled nursing facilities.
- $22.4 million in bridge-to-HUD loan for three Georgia skilled nursing facilities.
- $19.8 million bridge-to-HUD loan for a 120-bed skilled nursing facility in Virginia.
- $21.5 million bridge-to-HUD loan for a 92-bed assisted living and memory care facility in Virginia. CFG holds $10.7 million.
- $11.9 million bridge-to-HUD loan for a 120-bed skilled nursing facility in Arizona.
