Capital Funding Group announces two HUD transactions

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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.