Capital Funding Group Expands Seniors Housing Team
Capital Funding Group (CFG) has promoted Director Erik Howard to executive managing director of business and marketing in an effort to amplify their focus on the seniors housing and multifamily housing sectors. Throughout Mr. Howard’s 17-year tenure at CFG, he has been involved in the financing of over $7 billion in healthcare and multifamily assets. CFG has assembled a new team around these sectors in tandem with Mr. Howard’s promotion announcement, with industry-vet Ken Assiran set to lead the new seniors housing lending platform. Mr. Assiran has a 30-year background in financings and debt-structuring, and will continue to run CFG-affiliate Capital Health Group in addition to these new... Read More »
Capital Funding Group Closes Loan For SNF Portfolio
Capital Funding Group’s standout year continues with another large term loan closed for a 29-asset skilled nursing portfolio. Located in Colorado, California and Wyoming, the properties include 28 skilled nursing facilities and one SNF with assisted living units as well, all totaling 3,410 beds. Capital Funding Group worked on behalf of the owner, a private real estate investment group, to close a $262.6 million term loan that refinanced the portfolio. In addition, CFG underwrote the transaction of operations from SavaSeniorCare to four new regional operators. Erik Howard and Director Tim Eberhardt originated the transaction. This brings CFG’s bridge-to-HUD loan closings to $2.3 billion... Read More »
Capital Funding Group Closes Big Bridge Financing
Capital Funding Group announced its largest single financing deal in 10 years, closing a bridge-to-HUD loan totaling more than $650 million. The purpose of the loan is not known, nor the properties being financed, but the deal takes CFG’s year-to-date dollar volume to over $1.5 billion of secured loans. Director Craig Casagrande and Senior Associate Andrew Jones originated the transaction for CFG. Read More »
Capital Funding Hits Impressive Mark For Q1 Closings
News of Capital Funding Group’s first quarter activity trickled out throughout the first three months of the year, but the firm recently confirmed that they financed in excess of $800 million for its clients across 13 bridge loans and 31 HUD loans. Even under “normal” circumstances, a quarter like that is certainly one to show off. We already profiled a couple of the transactions, the largest being a $285 million bridge-to-HUD loan for the acquisition of 16 skilled nursing facilities in the Mid-Atlantic. Erik Howard and Tim Eberhardt originated the transaction for Capital Funding Group, and Capital Funding, LLC, a subsidiary of CFG Bank, participated in the transaction. Another notable... Read More »Schedule a demo
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