Capital Funding Group closed on more than $1.3 billion last year in healthcare bridge loans, Housing and Urban Development loans and other deals, including millions in senior living and care transactions, according to the company.

Capital Funding Group said it closed on $440 million of those loans in the first half of the year.

CFG Bank President Erik Howard called it “another standout year.”

The largest transaction of 2024 was a $207.1 million bridge-to-HUD term loan to support a partnership buyout of skilled nursing facilities, with a total of 1,423 beds, in Florida. CFG said it also provided $15 million in accounts receivable financing to support the working capital needs of the portfolio. The company closed both deals Oct. 21.

Additionally, during the second half of the year, CFG closed on the following senior living and care transactions:

• An $185 million construction loan on behalf of Erickson Senior Living to support the first phase of construction of a 501-unit continuing care retirement community being developed in Bethesda, MD.
• A $132.2 million bridge loan to refinance four SNFs in Virginia with a total of 731 beds.
• A $65 million bridge loan to refinance a 689-bed portfolio in Ohio with seven SNFs, an assisted living community and an independent living community, to provide a divided recapitalization to the owners.
• A $30.8 million bridge-to-HUD loan to acquire a 121-bed SNF in Nevada.
• A $24.3 million bridge-to-HUD loan to refinance two SNFs in North Carolina with a total of 246 beds.
• A $20.6 million bridge-to-HUD loan to refinance nine SNFs in Iowa with a total of 471 beds.
• A $20.4 million value-add bridge loan to acquire two multifamily properties in Georgia with a total of 181 units.
• An $18 million bridge-to-HUD mezzanine loan to refinance four SNFs in Florida with a total of 551 beds.
• A $15.3 million bridge-to-HUD loan to acquire a 159-bed SNF in Alabama.
• A $140 million bridge-to-HUD loan to acquire a 192-bed SNF in Ohio.
• A $13.6 million HUD loan to refinance a 138-bed SNF in California.
• A $13.1 million bridge loan to support the refinancing of a 120-bed assisted living and memory care community in Scottsdale, AZ.
• A $12.8 million HUD loan for the refinancing of existing debt for a 120-bed SNF in South Carolina.
• An $11.9 million bridge-to-HUD loan for the refinancing of two SNFs in California with a total of 118 beds.
• An $11.6 million bridge loan for the acquisition of an 86-bed SNF in California. This deal built on a $30.2 million loan CFG executed in 2023 for the acquisition of three SNFs. The loan increase brings the total loan to $41.8 million, and the borrower’s portfolio now includes 568 beds across four facilities.
• A $10 million bridge-to-HUD loan for a 126-bed SNF in Vermont.
• A $5.9 million HUD loan for the refinancing of a 156-bed SNF and assisted living community in Ohio.
• A $2.7 million bridge-to-HUD junior term loan for the acquisition of two SNFs, featuring a total of 194 beds, in Maryland and Delaware.

Howard said the company is “eager to build on last year’s momentum.”