BALTIMORE, MD – Capital Funding Bancorp Inc. has raised $35 million in debt, according to a filing with the Securities and Exchange Commission.
The Form D, signed by the company’s secretary Deborah Spangenberg, disclosed that the $35 million transaction occurred on March 10.
Capital Funding Bancorp, a bank holding company that provides banking and lending services to business and individuals, is a company under Capital Funding Group.
Baltimore-based CFG is a provider of financial solutions for multifamily properties and health care facilities across the country.
Jack Dwyer is the founder and chairman of Capital Funding Group. Dwyer founded CFG in 1993, and in 2001 he was successful in obtaining HUD-headquarters approval for the Life Care Centers of America portfolio transaction. It was a $493 million funding and the first portfolio ever approved by HUD.
Bancorp, formed in 2009, has three subsidiaries: CFG Community Bank, Capital Finance LLC and Capital Funding LLC.
In October 2016, Capital Funding Group was awarded the 2016 Baltimore Healthiest Company Award from SmartCEO Magazine.
This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism