Capital Funding Group Closes $10.57 Million in Financing for Acquisition of Skilled Nursing Facility in New Jersey￼
The facility, which is located in Pittsgrove, New Jersey, supports 84 beds.
Capital Funding Group (CFG) today announced the closing of $10.57 million in Bridge-to-HUD financing for the acquisition of a skilled nursing facility. The facility, which is located in Pittsgrove, New Jersey, supports 84 beds.
“It’s an exciting time at CFG as we continue executing noteworthy deals for our clients, across the nation, which reinforces our position as a leader in the industry,” said CFG Executive Managing Director of Business Development and Marketing Erik Howard. “Our host of loan offerings paired with our unique, sole-ownership structure, gives us a competitive edge and allows our team to quickly and efficiently secure deals of all sizes and complexity – offering our clients a truly customized solution every time.”
This announcement follows the recent closings of two deals: $17.2 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities in Arizona and $11.26 million in Bridge-to-HUD financing for the acquisition of a 121-bed skilled nursing facility in Sacramento, CA.
Capital Funding Group Managing Director, Long-Term Care Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program. CFG Bank is an Equal Housing Lender. Member FDIC.