Capital Funding Group closes $3.3M in financing for the acquisition of 2 skilled nursing facilities
Summary
Capital Funding Group closes $3.3M in financing for the acquisition of 2 skilled nursing facilitiesThe Baltimore-based Capital Funding Group (CFG) Wednesday announced the closing of $3.3 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities. The facilities, which are located in Washington, support 108 beds.Capital Funding Group Managing Director, Long-Term Care Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.The announcement follows the companys recent closing of a $27.2 million construction loan for the conversion of a partially completed hotel to a 191-unit assisted living community in Sunrise, Florida. The financing was executed through CFGs Seniors Housing Lending Platform.Capital Funding Group a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $6 billion in Section 232 mortgages nationwide.