News Summary
Capital Funding Group (CFG) has secured a $179.8 million construction loan to finance the first phase of Emerson Lakes, a new retirement community in Sarasota County, Florida. Managed by Erickson Senior Living, this project aims to provide 319 independent living units within an expansive 87-acre campus. The loan continues CFG’s ongoing partnership with Erickson, further supporting the growing demand for senior housing options across the nation.
Baltimore’s Capital Funding Group Provides $179.8 Million for Florida Retirement Community
Baltimore, Maryland – Capital Funding Group (CFG), a mortgage lender based in Baltimore, has secured a $179.8 million construction loan to support the first phase of a new retirement community in Florida. The loan was finalized on September 22, 2025, and the financing was publicly announced on October 8, 2025.
Details of the Loan and Project
The loan was issued to Erickson Senior Living, a nationwide company managing and developing retirement communities with headquarters in Catonsville, Maryland. The funds will fund the initial phase of Emerson Lakes, a continuing care retirement community located in Sarasota County, Florida.
The first phase will include four structures: one community building and three residential buildings. These structures will provide a total of 319 independent living units. When fully completed, Emerson Lakes will occupy an 87-acre campus and feature 1,015 independent living units along with 130 continuum care units.
Development and Management
Erickson Senior Living will oversee both the development and ongoing management of the Emerson Lakes project, aiming to create a comprehensive retirement community that offers a full continuum of care for residents in Florida.
Strategic Partnerships and Past Collaborations
This loan marks CFG’s second collaboration with Erickson Senior Living within less than a year. Previously, CFG provided a $185 million construction loan last August for the initial phase of The Grandview, a retirement community in Bethesda, Maryland.
Statements and Industry Impact
CFG’s Managing Director for Senior Housing emphasized the company’s capacity to execute complex financing arrangements that enable transformative projects. Additionally, CFG’s President highlighted the strength of its relationship with Erickson Senior Living and reiterated the company’s dedication to supporting its clients’ growth objectives.
CFG combines expertise in the sector with flexible and creative structuring to support large, multi-phase transactions that benefit both clients and future residents. This latest loan for Emerson Lakes further demonstrates CFG’s active role in financing senior housing developments nationwide, especially on projects that create substantial community impact and fulfill increasing demand for retirement living options.
Background Context
Erickson Senior Living is a prominent operator and developer of retirement communities with a nationwide presence. The company’s focus is on creating communities that provide comprehensive services and care options for seniors, with a commitment to high-quality living environments. The partnership with CFG reflects Erickson’s ongoing efforts to expand and enhance its portfolio of senior living facilities across the country.
Summary
The $179.8 million loan from Capital Funding Group supports the development of the first phase of Emerson Lakes in Florida. The project will include 319 independent living units within a broad campus designed to serve seniors well into the future. This financing underscores CFG’s ongoing commitment to senior housing development through strategic partnerships and flexible lending solutions.
FAQ
- What is the amount of the loan provided by Capital Funding Group? $179.8 million.
- Who is the borrower for the loan? Erickson Senior Living.
- Where is the Emerson Lakes retirement community located? Sarasota County, Florida.
- When was the loan finalized? September 22, 2025.
- What does the first phase of Emerson Lakes include? Four structures: one community building and three residential buildings, totaling 319 independent living units.
- What is the full scope of the Emerson Lakes project? An 87-acre campus with 1,015 independent living units and 130 continuum care units.
- Has CFG previously partnered with Erickson Senior Living? Yes. They previously closed a $185 million construction loan for The Grandview in Bethesda, Maryland.
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Additional Resources
- Florida For Boomers: Homes for Sale in Sarasota
- Business Observer: Retirement Community Expansion
- Kiplinger: Why Do People Retire in Florida?
- Jacksonville.com: Best Places to Retire in Florida
- World Atlas: Gulf Coast’s 6 Best Retirement Towns
- Wikipedia: Sarasota County, Florida
- Google Search: Florida Retirement Communities
- Google Scholar: Retirement Communities in Florida
- Encyclopedia Britannica: Florida
- Google News: Retirement in Florida
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