Capital Funding Group announces two HUD transactions
Capital Funding Group announced two HUD 232 transactions.
One was a $44 million HUD refinance for Morningside Nursing & Rehabilitation Center, a 314-bed SNF in the Bronx, NY. The money will be used to refinance existing debt. Around $3 million will be used for capital expenditure facility upgrades.
In another deal, CFG announced a $24 million HUD Refinance for Middletown Park Rehabilitation and Health, a 250-bed SNF in Middletown, NY.
Approximately $2 million of the loan proceeds will be used for capital expenditures to upgrade the facility.