Baltimore-based Capital Funding Group closes $135M loan for skilled nursing portfolio
Summary
Baltimore-based Capital Funding Group (CFG) announced Tuesday the closing of a $135 million bridge loan for the refinancing and dividend recapitalization of a skilled nursing facility portfolio. The portfolio features nine facilities and 1,448 beds, across Maryland, Georgia and West Virginia.The nationally recognized borrower is an industry-leading owner of skilled nursing facilities.Tim Eberhardt, managing director for long-term care and Ava Julio, senior associate, originated the transaction for Capital Funding Group.Capital Funding Group is a full-service provider of comprehensive financing solutions for the national health care industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry.Capital Funding LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program.