CFG facilitates two HUD loans
Capital Funding Group announced two HUD loan refinances in late April.
In addition to a $2.45 million HUD refinance for a North Carolina facility, officers secured a $17.4 million refinance for a Texas skilled nursing facility.
The deal for the 101-bed skilled nursing facility in Houston consolidated existing debt. It also included $450,000 for owner-elected repairs and improvements. Director of Real Estate Finance Patrick McGovern secured the loan, which closed March 30.