Capital Funding Group Closes $3.32-Million Bridge-to-HUD Mezzanine Loan for Refinancing of Florida Skilled Nursing Facility
Capital Funding Group (CFG) today announced the closing of a $3.32-million bridge-to-HUD mezzanine loan, which supported a dividend recapitalization for a well-known sponsor of a 120-bed skilled nursing facility in Florida. The financing was closed on September 22, 2023, on behalf of a nationally recognized borrower.
“We’re excited to share the closing of this deal as it reinforces how our one-stop-shop financing solutions give us a competitive edge in the industry,” said CFG Managing Director, Long-Term Care Craig Casagrande. “With our full-service offerings and entrepreneurial approach to lending, we take on client goals as our own to not only meet, but exceed expectations, to support their growth.”
The financing follows the company’s recent closing of a $13.84-million mezzanine loan, which supported the refinancing of eleven skilled nursing facilities and one assisted living facility in the Northwest.
Capital Funding Group Vice President Andrew Jones 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.