Capital Funding announces HUD deals
Capital Funding Group announced three loans, including a Bridge-to-HUD loan for the acquisition of a skilled nursing facility in Florida.
The loan was for $16.4 million, and the SNF has 180 beds. A second Bridge-to-HUD loan, at $15.4 million, was for the acquisition of a SNF in New York that has 174 beds.A mortgage modification loan for $23.2 million closed on October 30. The loan, for two skilled nursing facilities in New York, one in Florida and one in California, is for a total of 445 beds.