Capital Funding Group (CFG) today announced the closing of a $18 million loan for the refinancing of a 99-bed assisted living and memory care facility, Brightwater Senior Living of Highland, in Highland, California. The transaction was executed on behalf of nationally recognized borrower, Brightwater Senior Living. Brightwater Senior Livingdeveloped the facility in 2014 and is the current owner-operator.
“Following the closing of over $1.8 billion in the first half of this year, and the recent closings from our Capital Health Group team, we continue to showcase our leadership in the industry and ability to support our client’s growing needs,” said Erik Howard, CFG Executive Managing Director of Business Development and Marketing. “At CFG, we think like business owners and are more than a lender. We act as a business partner, working creatively to find unique solutions to accomplish goals.”
Capital Health Group Managing Principal and CFG Bank Seniors Housing Director Ken Assiran added, “This is a very exciting time for CFG, and the continued success of our Seniors Housing Lending Platformdemonstrates yet again our team’s dedication and commitment to supporting our clients and helping them grow their business and expand their footprint.”
Capital Funding Group is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $6 billion in Section 232 mortgages nationwide. CFG Bank is an Equal Housing Lender. Member FDIC.
