Capital Funding Group closed a $3.3 million bridge-to-HUD loan for the acquisition of two skilled nursing facilities in Washington. Combining for 108 beds, the facilities were built in 1966 and 1964, respectively. CFG’s Managing Director, Long-Term Care Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.
The announcement follows the company’s recent closing of a $27.2 million construction loan for the conversion of a partially completed hotel to a 191-unit assisted living community in Sunrise, Florida. The financing was executed through CFG’s Seniors Housing Lending Platform.
