Capital Funding Group Closes $135 Million for Refinancing and Dividend Recapitalization of Skilled Nursing Facility
9-Facility Portfolio Spans Maryland, Georgia and West Virginia
Capital Funding Group (CFG) today announced the closing of a $135 million bridge loan for the refinancing and dividend recapitalization of a skilled nursing facility portfolio. The portfolio features nine facilities and 1,448 beds, across Maryland, Georgia and West Virginia. The nationally recognized borrower is an industry-leading owner of skilled nursing facilities.
“We’re excited to continue this year’s momentum with the closing of another stand out loan, reinforcing our ability to execute financing of all sizes and complexities,” said Erik Howard, CFG Executive Managing Director. “At CFG, we are more than a lender. We think like business owners and act as a business partner, working creatively to find unique solutions to accomplish goals for our clients. Our clients’ success is our business and we are persistent in helping our clients grow.”
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.