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Press Release

CFG Finances $428.9 Million in Q1 2026

CFG, a leader in the nationwide healthcare and multifamily financing industries and Mid-Atlantic commercial banking market, today announced $428.9 million in total financing closed during the first quarter of 2026. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily, and commercial lending to Mid-Atlantic properties on behalf of nationally recognized borrowers.

“After a milestone year in 2025, our Q1 2026 volume highlights our continued momentum—structuring creative financing solutions across markets, asset types, and deal structures of varying size and complexity,” said CFG Bank President Erik Howard.

“What sets CFG apart is our ability to structure and execute across a wide range of transaction types without taking a one-size-fits-all approach. We work closely with our clients to understand their goals and deliver financing solutions that are both strategic and built for long-term success,” added Tim Eberhardt, CFG Bank Executive Vice President of Bridge, HUD and Agency.

A sample of transactions from the quarter includes:

  • $18.1 million note-on-note bridge loan for the financing of two multifamily facilities—a 100-unit and a 28-unit property—located in Jacksonville, FL, closed on January 16, 2026. The borrower intends to file for Florida’s tax credit program for non-profit affordable housing, a creative value-add strategy aimed at significantly reducing the real estate tax burden, as the existing rents already qualify for the program. CFG Vice President, Commercial Relationship Lender Jon Selfridge originated the deal.
  • $17.6 million acquisition bridge loan for the financing of a 120-bed skilled nursing facility in Nevada, closed on January 30, 2026. CFG provided bridge financing to an existing client to fund the acquisition. CFG Director, Head of West Region for Skilled Nursing Real Estate Patrick McGovern and Associate Ryan Hunsicker originated the deal.
  • $9.0 million HUD loan for the refinancing of a 70-bed skilled nursing facility in Montclair, NJ, closed on January 30, 2026. CFG Managing Director and Co-Head of Healthcare Business Development, Head of South Region for Skilled Nursing Real Estate Tommy Dillon originated the deal.
  • $42.9 million in financing for five skilled nursing and assisted living facilities totaling 396 beds in Pennsylvania, closed on February 9, 2026. The transaction supported the acquisition of two newly purchased facilities and refinancing of three existing properties, enabling the borrower to secure 100% financing by leveraging the substantial equity built through the strong performance of its existing portfolio. The structure also facilitated a dividend recapitalization as part of the overall transaction. CFG Managing Director of HUD Craig Casagrande and Senior Associate Catherine Mansel originated the deal.
  • $24.1 million bridge loan for the acquisition and dividend recapture of two skilled nursing facilities totaling 163 beds in Pennsylvania, closed on February 12, 2026. CFG Managing Director & Co-Head Healthcare Business Development Andrew Jones and Senior Associate Ava Julio originated the deal.
  • $13.4 million HUD loan for the refinancing of a 124-bed skilled nursing facility in Tennessee, closed on February 19, 2026. CFG Managing Director & Co-Head Healthcare Business Development Tommy Dillon originated the deal.
  • $11.6 million HUD loan for the refinancing of a 188-bed skilled nursing facility in Texas, closed on February 25, 2026. CFG Managing Director of HUD Craig Casagrande originated the deal.
  • $5.5 million HUD loan for the refinancing of a 60-bed skilled nursing facility in Georgia, closed on February 25, 2026. CFG Vice President of South Region for Skilled Nursing Real Estate Jimmy Zabel originated the deal.
  • $6.0 million bridge loan for the refinancing of a 100-unit assisted living facility in Penfield, NY, closed on March 4, 2026. Since acquiring the community in 2023, the borrower has executed a successful operational turnaround, growing occupancy from approximately 70% at acquisition to a fully stabilized 100% today. CFG Managing Director of Senior Housing Real Estate Ken Assiran originated the deal.
  • $24.7 million HUD loan for the refinancing of two skilled nursing facilities totaling 260 beds in Orlando, FL and Tallahassee, FL, closed on March 10, 2026. CFG Vice President of South Region for Skilled Nursing Real Estate Jimmy Zabel originated the deal.
  • $10.9 million bridge loan for the refinancing of two facilities in Georgia—a 144-bed skilled nursing facility in Louisville and a 66-unit assisted living facility in Sandy Springs—closed on March 11, 2026. The borrower plans to complete significant renovations to the assisted living facility, including landscape enhancements, new furniture, corridor and common area renovations, a new lobby entry, a coffee shop, and a full renovation of all resident units. CFG Vice President of South Region for Skilled Nursing Real Estate Jimmy Zabel originated the deal.
  • $26.0 million bridge loan for the refinancing of a 196-unit independent living and assisted living community in South Setauket, NY, closed on March 13, 2026. This transaction marks the third closing with this client within the past nine months, reflecting the building’s exceptional operating performance and the strength of the ongoing relationship. CFG Managing Director of Senior Housing Real Estate Ken Assiran originated the deal.
  • $47.6 million construction loan for the development of a 116-unit independent, assisted living, and memory care community in Menomonee Falls, WI, closed on March 25, 2026. CFG Managing Director of Senior Housing Real Estate Ken Assiran and Vice President Jake Walsh originated the deal.
  • $46.3 million HUD loan for the refinancing of a 266-bed skilled nursing facility in Nevada, closed on March 26, 2026. CFG Managing Director of HUD Craig Casagrande and Senior Associate Catherine Mansel originated the deal.
  • $2.8 million mezzanine loan for the financing of a 112-bed behavioral health facility in Colorado, closed on March 27, 2026. CFG Managing Director and Co-Head of Healthcare Business Development, Head of South Region for Skilled Nursing Real Estate Tommy Dillon and Associate Ryan Herman originated the deal.
  • $16.8 million bridge loan for the acquisition of two skilled nursing facilities totaling 198 beds in California, closed on March 31, 2026. CFG Managing Director & Co-Head Healthcare Business Development Andrew Jones and Senior Associate Catherine Mansel originated the deal.
  • $4.5 million mezzanine loan for the acquisition of three skilled nursing facilities totaling 547 beds in Chicago, Illinois, closed on March 31, 2026. CFG provided mezzanine financing to enable the borrower to exercise its purchase options on three SNFs from two different sellers, with the transaction to be completed through a tiered closing. CFG Director, Head of West Region for Skilled Nursing Real Estate Patrick McGovern and Associate Ryan Hunsicker originated the deal.

This news follows CFG’s recent announcement highlighting the closing of bridge loan financing for a $51.2 million acquisition of four skilled nursing facilities, featuring a total of 487 beds, across Colorado, Alabama and Arizona. CFG closed the transaction on February 2, 2026.

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About CFG

CFG, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions nationwide, with a specialized focus on the healthcare and multifamily industries, as well as the Mid-Atlantic commercial banking market. CFG is the largest bank headquartered in Baltimore with assets over $6.0 billion as of December 2025. With more than 30 years of experience, CFG is among the most established healthcare bridge-to-HUD lenders in the United States. The company combines institutional scale capabilities with relationship driven, boutique service to structure tailored financing solutions that support long-term client success. Through its Bridge, HUD, and Agency division CFG delivers comprehensive financing solutions to healthcare operators and owners across the country, offering expertise in HUD-insured loans, bridge lending, mezzanine financing, working capital solutions, and commercial banking services. CFG, is a national leader in the FHA-insured mortgage industry, having provided more than $7.1 billion in Section 232 mortgages nationwide. For more information, visit www.CFG.bank and follow CFG Bank and Capital Funding Group on LinkedIn, Facebook, Instagram, and X. Member FDIC. Equal Housing Lender.

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