Capital Funding Group financed more than $2.7 billion in projects in 2022, financing solutions provider for multifamily properties and healthcare facilities disclosed Tuesday in a press release.

“2022 was a very strong year for Capital Funding Group. Our host of loan offerings paired with our entrepreneurial approach to dealmaking gives us a competitive edge,” Executive Managing Director Erik Howard said in a statement.

In 2022, CFG financed 24 HUD loans of more than $250 million, and 88 healthcare and multifamily bridge-to-HUD loans of more than $2.5 billion, across its portfolio in the skilled nursing, senior housing and multifamily sectors.

The company fell short of the previous year’s closings, however, having doubled its 2020 annual financing total with a record-setting $3.8 billion in 2021.

“Although rising interest rates have created some uncertainty, we’re leaning in — and will continue to lean in — and getting creative in how we execute financing to help our clients grow. We look forward to another successful year ahead,” Howard said.

CFG’s long-term care division provides HUD/FHA and bridge financing services to support acquisitions, refinancing, dividend recapitalizations and more for skilled nursing facilities. Its senior housing division provides senior loan and mezzanine financing services for active adult, independent living, assisted living and memory care communities. 

Among the transactions completed by the Baltimore-based finance company last year:

  • $317 million bridge loan for the refinancing of a nationwide skilled nursing facility portfolio.
  • $198million loan for the acquisition of a 24-facility portfolio across Maryland, Virginia and North Carolina.
  • A $18 million loan for the refinancing of Brightwater Senior Living of Highland in Highland, CA.
  • $17 million in bridge-to-HUD financing for the acquisition of two skilled nursing facilities, with a total of 232 beds, in Arizona.
  • $11 million in bridge-to-HUD financing for the acquisition of a 121-bed skilled nursing facility in Sacramento, CA.
  • $11 million in bridge-to-HUD financing for the acquisition of an 84-bed skilled nursing facility in Pittsgrove, NJ.
  • A $7 million HUD loan for a 175-bed skilled nursing facility in Connecticut.