Loan closings announced
Capital Funding Group has announced several loans totalling $25 million.
The first was a $17.6 million HUD 232 loan to finance the new construction of an assisted living facility in Cary, NC. It will have 80 units total when completed, including 40 for memory care.
The second was a $2.5 million working capital line of credit, closed in October, for La Brea Rehabilitation Center in Los Angeles. The third was a $5 million cash flow loan for a Texas SNF operator. It also closed in October.