As always, Capital Funding Group closed a number of various transactions in the past month. First, Craig Casagrande originated a $13.7 million loan secured by the cash flow of seven skilled nursing facilities operated by CommuniCare Family of Companies. The loan will be used for general corporate purposes to help strategically position itself for future opportunities. Next, Patrick McGovern originated two-part financing to facilitate the acquisition of two central-Michigan skilled nursing facilities, with 210 beds, affiliated with the not-for-profit University of Michigan Health System. The Peplinski Group was the buyer, receiving a bridge-to-HUD acquisition loan arranged by Capital Funding, LLC, while the related operator received a $3 million working capital loan from Capital Finance, LLC to fund the operations. Capital Funding Group served as agent and senior lender. Finally, Jeffrey Stein of Capital Finance, LLC originated a $7 million revolving line of credit for an Illinois operator to provide working capital for a HUD-insured skilled nursing portfolio.
CFG’s latest transaction batch
