Capital Funding Group Closes $22.4 Million in Bridge-to-HUD Financing for Acquisition of Three Georgia Skilled Nursing Facilities
Capital Funding Group (CFG) today announced the closing of $22.4 million in Bridge-to-HUD financing for the acquisition of three skilled nursing facilities. The facilities, which are located in Georgia, support 338 beds. The transaction was closed on October 4, 2023, on behalf of a nationally recognized borrower.
“We’re thrilled to share the closing of this financing as it’s a testament to our team taking on client goals as their own to help grow their business,” said CFG Managing Director, Long-Term Care Tim Eberhardt. “We bring a can-do attitude to every partnership – and no matter our client’s unique goal or challenge, we will help find and execute a solution to help them succeed.”
The financing follows the company’s recent announcement of the closing of $30.3 million for acquisition of three California skilled nursing facilities.
Capital Funding Group Vice President James Zabel 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 $6 billion in Section 232 mortgages nationwide. CFG Bank is an Equal Housing Lender. Member FDIC.