Funds Funding Group (CFG), the Baltimore-centered bank focused on the health care and multifamily finance industries, Tuesday introduced the firm executed additional than $2.7 billion in financing offers in the course of 2022.
Continuing to guidance the prolonged-time period care, assisted residing and multifamily industries, CFG financed 24 HUD loans, in excess of $250 million and 88 overall health care and multifamily Bridge-to-HUD financial loans, in extra of $2.5 billion.
All over 2022, CFG ongoing to grow its business enterprise across its diversified portfolio in the extensive-time period care, seniors housing, and multifamily sectors. CFG’s very long-term care division presents HUD/FHA and bridge financing expert services to the extended-expression treatment sector, to help acquisitions, refinancing, dividend recapitalizations and additional of expert nursing services.
CFG’s seniors housing division gives senior personal loan and mezzanine funding companies to the seniors housing marketplace, consisting of lively adult for seniors, independent residing, assisted living and memory treatment services.
The bank’s multifamily division provides senior financial loan and mezzanine financing products and services to the multifamily housing business, supporting several HUD-insured multifamily personal loan courses.
Best deals executed by the organization involve a $317 million bridge personal loan for the refinancing of a nationwide skilled nursing facility portfolio, a $198 million loan for the acquisition of a 24-facility portfolio across Maryland, Virginia and North Carolina, a $135 million bridge financial loan for the refinancing and dividend recapitalization of a nine-facility portfolio throughout Maryland, Georgia and West Virginia and a $40 million personal loan for the refinancing of an assisted residing and memory care facility in Simi Valley, California.
Also Tuesday, CFG and CFG Lender unveiled new logos as part of ongoing rebranding endeavours adhering to the recent announcement of CFG Bank’s naming rights partnership for CFG Bank Arena and the company’s upcoming go to Baltimore Peninsula. It also expanded in the multifamily and seniors housing genuine estate sectors, it became the biggest lender headquartered in Baltimore, entered the hashish field with being 1 of the several banks to provide lending and deposit services in the state and opened a commercial business in Annapolis.