Business Funding

Using HUD/FHA healthcare loan programs, we provide financing for new construction/substantial rehabilitation (Section 232), acquisitions and refinancing [Section 232/223(f)].

Our long-standing relationship with HUD paired with our decades in experience of HUD-compliant underwriting, provides us with great, unique insight into the application process to execute HUD financing for large and small healthcare organizations. Offering creative solutions, we can also execute interim bridge financing with a HUD take-out, depending on your business needs and goals.

As your one-stop shop lender, we process your HUD application in-house, working alongside you to compile documents, organize the application and submit everything on your behalf, all while maintaining a streamlined, efficient timeline. After your loan is executed, our partnership doesn’t end; we continue servicing your HUD loan, for the life of the loan.

With programs available through HUD’s Federal Housing Administration (FHA) Office of Multifamily Housing Programs, we offer FHA/HUD apartment loans, both affordable and market rate, as financing options for borrowers seeking high leverage allowances, with fixed rates and longer terms. HUD loans are non-recourse and fully assumable with HUD/FHA approval.

Through our partnership with HUD, we support several HUD loan programs, including new construction or substantial rehabilitation of new or existing apartments; acquisition or refinancing of existing multifamily properties; and the refinancing of existing FHA-insured loans or grants. Our experienced MAP (Multifamily Accelerated Processing) team expedites the underwriting, processing and closing of HUD/FHA-insured apartment loans for both for-profit and non-profit borrowers. After your loan is executed, our partnership doesn’t end; we continue servicing your HUD loan, for the life of the loan.

HUD Multifamily eligible borrowers must be single asset/single purpose entities and may include the following: individuals, limited liability companies, non-profits, partnerships, private corporations, public bodies and cooperatives, and trusts.

Integral to our comprehensive, one-stop shop healthcare financing solutions, we offer working capital loans starting at $1 million, to support your needs, such as filling time lapses between the collection of your accounts receivable and the payment of your current liabilities and assuring day-to-day operating success. Our traditional commercial financing tool provides healthcare facility operators flexibility and cost-efficiency similar to a revolving line of credit secured by Medicare, Medicaid, commercial insurance and institutional account receivables. These lines are typically used to provide working capital, refinance existing debt and supplement acquisition financing.

Our full-service solutions and working capital lenders provide you with the best solution to manage the healthcare reimbursement environment. Beyond a working capital loan, we also provide asset-backed term loans, letters of credit and cash management services to support your business needs and goals.

 We offer purchase and leaseback financing solutions to support skilled nursing and assisted living facility operators who have distressed or underperforming assets. In these cases, we work with you to identify undervalued assets and leverage our extensive network of banks and lenders to develop a strategy.

When partnering with our team to acquire a facility, we work with you to complete the project using little or no equity. When the acquisition is complete, we will own the real estate and the operator leases the facility. The lease is a triple net lease with market escalators and the rate is based upon risk and collateral and then applied to total deal costs. In addition to a lease, we will enter a sale and buy back agreement, with the goal of the operator repurchasing the facility in 2-5 years. The majority of operators are able to improve cash flow and increase the facility’s value in a successful turnaround, building enough equity to allow them to repurchase the facility with no cash requirement and a loan-to-value (LTV) around 75%.

 When you require timelier financing for your acquisition, refinancing, repairs, renovations, additions or conversions, we offer Bridge-to-HUD lending solutions, up to $1 billion.

Through the execution process, we work with you to mitigate HUD take-out risk by ensuring principals and transactions are vetted to HUD specifications; loans are serviced in the same manner as HUD 232 or HUD multifamily loans; a legal structure for HUD is set up at the time of the bridge loan; applicable legal documents are HUD-compliant during the bridge period; LEAN guidelines are carefully considered and conservatively applied; and MAP (Multifamily Accelerated Processing) guidelines are carefully considered and conservatively applied on all bridge-to-HUD apartment loans. This process streamlines the HUD application and reduces cost of necessary legal fees.

After your loan is executed, our partnership doesn’t end; we continue servicing your bridge loan, for the life of the loan.

To support owners and operators who consider providing other non-traditional assets to secure financing, we have several programs to help our clients execute a holistic capital strategy to improve their cash flow and pay down senior debt, invest in working capital, expand or invest in product development, and accumulate cash for future opportunity.

Using a hybrid of debt and equity, subordinate financing and mezzanine financing offer the advantage of having no amortization during the loan term and provides tax-deductible interest with a manageable debt structure.

Through our partnership with Forum Purchasing, the largest group purchasing organization in healthcare, historically representing the largest operating chains in America, our group purchasing program strategies leverage purchasing volume to negotiate lower costs with manufacturers, distributors and vendors.

These efforts provide cost containment and improve the quality of healthcare goods and products, allowing operators to focus on providing top-of-the-line care to residents.

Through our partnership with Forum, we are an aggregator for smaller operators, with 10+ facilities or 1,000+ beds, to ensure fair competition throughout the healthcare industry.

Through our full-service commercial bank, CFG Bank, we provide commercial, personal and online banking solutions to the Mid-Atlantic business community and national healthcare market. We also offer niche financing, leverage lending and equipment finance and leasing for our clients. With extensive lending capacity, competitive rates and decades of industry experience, we proudly deliver big bank capabilities and expertise with relationship-driven boutique bank service through our full suite of commercial banking solutions.