Capital Funding Group Closes $32.9 Million in Bridge-to-HUD Financing for Acquisition of Skilled Nursing Facility in New York
Capital Funding Group (CFG) today announced the closing of $32.9 million in Bridge-to-HUD financing for the acquisition of a skilled nursing facility. The facility, which is located in New York, supports 200 beds. The transaction was closed on May 5th, 2023, on behalf of a nationally recognized borrower.
“It’s an exciting time at Capital Funding Group as we continue to build on our strong momentum from the first months of the year,” said CFG Managing Director, Long-Term Care Tim Eberhardt. “This year marks 30 years of our team embracing our entrepreneurial approach to lending to offer one-stop-shop financing solutions. We’re not a traditional lender because we do things differently to simplify the loan process for our clients so they can grow their business and reach their goals.”
The financing follows the company’s recent announcement of the closing of $84.7 million in Bridge-to-HUD financing for the acquisition of eight long-term care facilities located in Alabama.
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.