Several SNF companies receive loans
Capital Funding Group announced four new loans, including close to $13 million for a memory care facility in Virginia.
Spring Arbor Cottage, a 48-bed memory care facility, will receive a $12.96 million HUD 232 loan for new construction, the firm said.
Capital Finance LLC will be the sole lender in a $7 million HUD line of credit for Peterson Health Care, a skilled nursing provider.
Wingate Healthcare, a SNF provider with facilities on the East Coast, will receive a $10 million line of credit, with Capital Finance as the sole lender. Finally, Capital Finance will exercise a $10 million accordion feature to existing lines of credit for Avalon Healthcare for its Utah facilities.