Creator: Patrick Connole
CFG Records $413 Million in Transactions from late June-August
CFG said it closed 24 transactions totaling more than $413 million from late June through late August supporting a range of properties including 54 SNFs.
In a new announcement this week, Capital Funding Group (CFG) said it closed 24 transactions totaling more than $413 million executed from late June through late August.
The financing supported 54 skilled nursing and assisted living communities, as well as a multifamily portfolio, across 13 states, and was executed on behalf of both longstanding and new CFG borrowers, CFG said.
“This level of activity across our healthcare lending platform speaks to the momentum we’re building nationally and the trust operators continue to place in CFG as a long-term financing partner,” said Erik Howard, president of CFG Bank. “As the skilled nursing and senior living sectors keep evolving, our ability to move quickly and structure creatively is what sets us apart.”
Details of the transactions include:
$20.8 million bridge loan for the ground-up new construction of a 136-bed replacement skilled nursing facility in South Carolina, expanding capacity by 32 beds near the original facility to ensure a seamless operational transition. The deal closed on June 22. CFG Director, Head of West Region for Skilled Nursing Real Estate Patrick McGovern and CFG Associate Vice President Ryan Hunsicker originated the deal.
$40.9 million bridge-to-HUD refinancing for a three-facility, 396-bed skilled nursing portfolio in California. The deal closed on June 25. CFG Associate Vice President Ava Julio originated the deal.
$3.7 million HUD loan refinancing an existing bridge loan for a 56-bed skilled nursing facility in Arizona, executed through CFG’s bridge-to-HUD program. CFG Managing Director and Co-Head of Healthcare Business Development, Head of South Region for Skilled Nursing Real Estate Tommy Dillon originated the deal, and the financing closed on June 25.
$23.6 million bridge loan for the acquisition of a 180-bed skilled nursing facility in Colorado. The deal closed on June 30. CFG Managing Director and Co-Head of Healthcare Business Development, Head of Northeast Region for Skilled Nursing Real Estate Andrew Jones and Ava Julio originated the deal.
$16.9 million mezzanine loan supporting the acquisition of 17 skilled nursing and assisted living facilities totaling 1,122 beds/units in Ohio. The deal closed on June 30. Andrew Jones and CFG Associate Vice President Catherine Mansel originated the deal.
$25.3 million bridge loan for the recapitalization of a 110-bed skilled nursing facility in Pennsylvania. The deal closed on July 14. Andrew Jones and Ava Julio originated the deal.
$32.7 million mezzanine loan helping secure $237.5 million in total refinancing for a 12-facility, 1,431-bed skilled nursing portfolio across California and Washington, supporting a partnership buyout and facility capitalization. The deal closed on July 15. Patrick McGovern and Ryan Hunsicker originated the deal.
$16.1 million bridge loan for the acquisition of a 249-bed skilled nursing facility in Colorado. The deal closed on July 20. Andrew Jones and Ava Julio originated the deal.
$17.3 million HUD Section 232/223(f) refinancing for two skilled nursing facilities totaling 191 beds in Georgia. The deal closed on July 21. CFG Vice President of South Region for Skilled Nursing Real Estate Jimmy Zabel originated the deal.
$3.9 million HUD loan refinancing a CFG-originated acquisition loan for a 30-unit, 40-bed assisted living community in St. Cloud, Fla., the borrower’s first HUD loan. CFG Managing Director of Senior Housing Real Estate Ken Assiran and CFG Vice President Jake Walsh originated the deal, and the financing closed on July 28.
$15.0 million line of credit to a long-time CFG borrower’s property management company, providing operational flexibility to support continued growth and execute strategic initiatives across their multifamily portfolio. The deal closed on July 31. CFG Associate Andrew Yerger originated the deal.
$16.6 million bridge loan for the acquisition of a 100-bed skilled nursing facility in Florida. The deal closed on July 31. Andrew Jones and Catherine Mansel originated the deal.
$22.3 million bridge loan for the acquisition of two skilled nursing facilities totaling 213 beds in Arkansas. The deal closed on Aug. 3. Tommy Dillon and Associate Ryan Herman originated the deal.
$9.3 million bridge loan for the acquisition of an 83-unit assisted living community in Yakima, Wash., for an existing CFG client. The deal closed on Aug. 4. CFG Managing Director of Senior Housing Real Estate Ken Assiran and CFG Vice President Jake Walsh originated the deal.
$8.9 million bridge loan refinancing a 62-unit, 101-bed assisted living community in Margate, Fla., for a new CFG client. The deal closed on Aug. 4. Ken Assiran and Jake Walsh originated the deal.
$8.4 million HUD refinancing closed via HUD’s Express Lane for a 77-bed skilled nursing facility in Kansas. The deal closed on Aug. 5. Ava Julio and Tommy Dillon originated the deal.
$15.8 million HUD refinancing and recapitalization closed via HUD’s Express Lane for a 118-bed skilled nursing facility in Virginia. The deal closed on Aug. 13. Tommy Dillon and Ava Julio originated the deal.
$11.9 million HUD Section 232/223(f) refinancing for a 149-bed skilled nursing facility in Augusta, Ga. CFG originally financed this property’s acquisition alongside a second Augusta asset in 2023. After performance improved, CFG cross-collateralized a third, underperforming property to resolve borrower debt, then released the third property free and clear once the Augusta facilities could stand alone. The deal closed on Aug. 13. Jimmy Zabel originated the deal.
$5.0 million HUD Section 232/223(f) refinancing for a 79-bed skilled nursing facility in Valdosta, Ga. The deal closed on Aug. 13. Jimmy Zabel originated the deal.
$25.3 million bridge-to-HUD refinancing for a 146-unit independent and assisted living community in Port Orange, Fla. The community is a top performer and well regarded in the marketplace, and the deal marks a new client relationship for CFG with a borrower that owns a broader portfolio of senior housing communities nationwide. The deal closed on Aug. 18. Ken Assiran and Jake Walsh originated the deal.
$24.9 million HUD refinancing for a 180-bed skilled nursing facility in Pennsylvania. The deal closed on Aug. 19. CFG Managing Director of HUD Craig Casagrande and Catherine Mansel originated the deal.
$17.0 million HUD refinancing for a 120-bed skilled nursing facility in Florida. The deal closed on Aug. 20. Craig Casagrande and Catherine Mansel originated the deal.
$15.8 million and $16.9 million HUD refinancings executed as two separate loan closings for an 88-bed facility in Jacksonville, Ill., and a 116-bed facility in Cedar, Ill. Both deals closed on Aug. 27, and were originated by Ava Julio.
This news follows CFG’s recent announcement highlighting more than $1.8 billion in total financing closed during the first half of 2026.
Comments or questions? Contact Patrick Connole at pconnole@parkplacelive.com.
