Capital Funding Group Closes $3.3 Million in Bridge Financing for Acquisition of Two Skilled Nursing Facilities in Washington
Financing supports acquisition of two skilled nursing facilities
Capital Funding Group (CFG) today announced the closing of $3.3 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities. The facilities, which are located in Washington, support 108 beds. The transaction was closed on March 20, 2023.
“We’re excited to share the closing of this financing as it’s a testament to how we execute deals of all sizes to support our clients,” said CFG Managing Director, Long-Term Care Tim Eberhardt. “CFG’s host of loan offerings paired with our sole-ownership structure, gives us a competitive edge and allows our team to provide our clients a truly customized financing solution every time. More than a traditional lender, we are a partner to our clients, taking their goals on as our own to help them succeed.”
Capital Funding Group Managing Director, Long-Term Care Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.
The announcement follows the company’s recent closing of a $27.2MM construction loan for the conversion of a partially completed hotel to a 191-unit assisted living community in Sunrise, Florida. The financing was executed through CFG’s Seniors Housing Lending Platform.
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.