Certainly ending the year on a strong note, Craig Casagrande of Capital Funding Group originated three transactions, totaling over $47 million. The largest of the loans, at $31.243 million, refinanced a bridge loan on a New York skilled nursing facility. CFG had closed the bridge loan at the end of 2016 to help the borrower recapitalize equity on what was an underleveraged facility, and simultaneously applied with HUD for a refinance, closing the transaction this October.

Staying in New York, and with HUD, Mr. Casagrande originated a $9.843 million refinance for another skilled nursing facility in the state.

And finally, CFG closed a bridge-to-HUD loan for a Pennsylvania SNF, totaling $6 million.