Capital Funding Group doubled its 2020 annual financing total with a record-setting $3.8 billion in 2021, the provider of financing solutions for multifamily properties and healthcare facilities disclosed in a press release this month.
The company worked to diversify its portfolio into the multifamily and senior housing sectors, which it called “a natural extension of its already significant presence in the long-term care industry.” The senior housing division provides senior loan and mezzanine financing services for active adult, independent living, assisted living and memory care communities.
CFG executed 155 deals nationwide last year, of which 85 were Department of Housing and Urban Development loans of more than $720 million and 70 were healthcare and multifamily bridge loans in excess of $3.1 billion.
“We could not be more excited to share these record-setting results as we continue to grow our business to support our client’s goals and dreams,” said Jack Dwyer, chairman and sole owner of CFG.
Among the transactions completed by the Baltimore-based finance company last year:
- A $263 million bridge loan for the refinancing of a 3,140-bed portfolio spanning Colorado, California and Wyoming.
- A $89 million bridge loan for the refinancing of a 239-bed facility in Queens, NY.
- A $56 million bridge loan for the acquisition of three facilities, with a combined 609 beds, in Illinois.
- A $15 million term loan for the acquisition of a 204-bed facility in Indiana.
- A $13 million HUD loan for the refinancing of a 92-bed facility in San Francisco.
- An $8 million senior loan and $1 million in mezzanine financing for two facilities in Kansas City, KS.