Capital Funding Group’s bridge-to-HUD and HUD teams financed more than $930 million across 50 transactions in the first half of 2025. These financings included 14 HUD loans, 21 bridge loans and 15 accounts receivable loans for clients across the country.
Managing Director of Real Estate Craig Casagrande originated a few transactions throughout the first half of the year, notably a $137.5 million bridge loan for the acquisition of eight skilled nursing facilities in Pennsylvania, featuring 1,906 beds. He arranged that with Associate Catherine Mansel. CFG also provided an $18 million working capital line of credit, which was originated by Director Jim Ginty.
Next for Casagrande and Mansel was a $56.5 million bridge loan increase for a partnership buyout and operator change for three skilled nursing facilities, featuring 609 beds, in Illinois. Casagrande additionally originated a $33.9 million HUD loan for the refinancing of a 403-bed skilled nursing facility in Pennsylvania. Casagrande, as well as Mansel, then originated a $25.0 million bridge loan to refinance five skilled nursing facilities in Virginia, featuring 676 beds. CFG’s financing contributed to the borrower’s total $205 million in financing. Lastly, Casagrande originated a $7.4 million HUD loan to refinance a 121-bed skilled nursing facility in Pennsylvania. CFG provided the initial bridge financing for the acquisition.
Director Tommy Dillon also originated a couple transactions. First was a $93.8 million bridge loan for the acquisition of 12 skilled nursing facilities in Utah. CFG provided a $15 million working capital line of credit, upsizing an existing line of credit. The line of credit was originated by Managing Director Jeffrey Stein. Additionally, Dillon originated a $14.0 million bridge loan for the refinancing to convert an existing senior housing facility into a 72-bed geriatric psychiatry facility in Texas.
Director of Healthcare Finance Andrew Jones originated a $48.6 million bridge loan for the refinancing of a 180-bed skilled nursing facility in Maryland with Senior Associate Ava Julio. There was also a $42.8 million bridge loan for the refinancing of two skilled nursing and assisted living communities in Ohio, featuring 642 beds, originated by Jones and Mansel. In a separate transaction, Vice President James Zabel originated a $21.0 million HUD loan for the refinancing of a 148-bed skilled nursing facility in Georgia. He also originated a $9.2 million HUD loan for the refinancing of a 119-bed skilled nursing facility in Georgia.
CFG financed several additional transactions in the first half of the year. Director of Long-Term Care Patrick McGovern originated a $16.5 million HUD loan for the refinancing of a 130-bed skilled nursing facility in Alamo, Texas. CFG provided the borrower initial acquisition bridge financing. Chief Lending Officer of Bridge and HUD Loans Tim Eberhardt, and Julio, originated a $14.4 million HUD loan for the refinancing of a 121-bed skilled nursing facility in California. Lastly, on behalf of an existing client, Managing Director of Senior Housing Lending Ken Assiran and Vice President Jake Walsh originated a $3.5 million bridge loan for the cash-out refinance of a 36-unit assisted living community in Moses Lake, Washington.
