• Sabra Trims Forecast, Tempering a Solid Quarter

    Sabra Health Care REIT, Inc. announced several acquisitions in its third quarter results. The REIT acquired six managed seniors housing properties for $217.5 million with an estimated initial cash yield of 7.8%, three of which were acquired through a consolidated joint venture in which Sabra has a 95% equity interest. The company also purchased... Read More »
  • CareTrust’s Flurry of Acquisitions

    CareTrust REIT, Inc. closed a series of transactions totaling approximately $437 million in late October. In two separate deals, the REIT acquired 12 skilled nursing facilities and one skilled nursing campus located across the Southeast and Mid-Atlantic. The combined portfolio includes approximately 1,760 licensed skilled nursing beds and... Read More »
  • Ensign Adds to Its Utah and Alabama Footprint

    The Ensign Group, Inc. kicked off November with a couple of new deals. The publicly traded company acquired the real estate and operations of the following seven Stonehedge skilled nursing facilities in Utah: Stonehenge of American Fork (90 beds in American Fork) Stonehenge of Cedar City (50 beds in Cedar City) Stonehenge of Ogden (52 beds in... Read More »
  • Joint Venture Makes Its First Acquisition

    A joint venture between Capitol Seniors Housing and a global alternative asset manager with over $55 billion in assets under management worldwide acquired The Woods at Merrimack, a 140-unit seniors housing community in Methuen, Massachusetts. This is the first deal between CSH and the asset manager but marks the beginning of a long-term... Read More »
  • Michigan-Based Owner/Operator Buys Lansing Campus

    A public REIT engaged Blueprint in the confidential divestiture of a 53-unit assisted living and memory care campus in Lansing, Michigan. The campus features two standalone buildings separately catering to assisted living residents and those requiring memory care. The well-maintained campus was originally built in 1997 and consisted of 19... Read More »
CFG Announces Record-Breaking Closings in 2021

CFG Announces Record-Breaking Closings in 2021

Capital Funding Group (CFG) broke a company record for deal volume in 2021, and more than doubling its 2020 financing total, having financed more than $3.8 billion and executed 155 deals across the United States. This includes 85 HUD loans in excess of $720 million. The most prominent deal involved a $650 million bridge loan, representing the largest single financing deal the company has executed in 10 years.  CFG closed several other bridge loans, including the refinancing of a 3,140-bed skilled nursing portfolio spanning Colorado, California and Wyoming. Over in New York, CFG also closed an $89 million bridge loan for the refinancing of a 239-bed facility in Queens. There were also... Read More »
Capital Funding Group Expands Seniors Housing Team

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 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 »
CFG Announces Record-Breaking Closings in 2021

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 »
CFG Announces Record-Breaking Closings in 2021

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 »