Capital Funding Group Closes $9.5 Million for Refinancing of Pennsylvania Skilled Nursing Facility
Capital Funding Group (CFG) today announced the closing of a $9.5 million HUD loan, which supported the refinancing of an existing bridge loan executed by CFG. The refinancing supported a 173-bed skilled nursing facility in Pennsylvania. The financing was closed on December 20, 2023, on behalf of a nationally recognized borrower.
“Helping our clients grow is our top priority, and through the execution of this financing, we’re proud to help ensure the continued operation and growth of this vital skilled nursing facility in Pennsylvania,” said CFG Managing Director Real Estate Finance, Craig Casagrande. “This closing is a testament to our one-stop-shop, bridge-to-HUD lending solutions and our commitment to long-term partnership with our clients.”
This financing follows the company’s recent announcement of the closing of a $7.2 million HUD loan, which supported the refinancing of 162-bed skilled nursing facility in Kentucky.
Capital Funding Group Managing Director, Real Estate Finance, Craig Casagrande and Vice President, Andrew Jones originated the transaction for Capital Funding Group.
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.