Capital Funding Group announces deals
Capital Funding Group announced the closing of three deals for skilled nursing facilities.
It closed a $9.845 million HUD loan for a SNF in New York in September, serving as the sole lender.
CFG also closed a bridge-to-HUD loan for a SNF in Pennsylvania, serving as the sole lender for the $6 million loan. That deal closed on Nov. 1.
CFG also announced the closing of a $31.243 million HUD loan for a New York SNF.
It refinanced a short-term bridge loan also funded by Capital Funding at the end of 2016 to provide an equity recapture on the underleveraged facility, the firm said.
That deal closed in October.