Capital Funding Group closed an $84.7 million bridge-to-HUD loan, collaborating with a strategic partner to arrange the deal. The financing supported the acquisition of seven skilled nursing facilities and one assisted living community with a total of 797 beds in Alabama. Venza Care was the borrower.
Capital Funding Group Managing Director, Long-Term Care, Craig Casagrande and Vice President, Andrew Jones originated the transaction. The deal follows CFG’s recent closing of $10.9 million in HUD financing to refinance an existing bridge loan for a 99-bed skilled nursing facility in California.
