Capital Funding Group closed a $13.4 million HUD refinance of a 144-bed skilled nursing facility in Vermont. The new loan replaced an existing bridge loan that had been executed by CFG and had seasoned for two years before being brought to HUD. The nationally recognized borrower was able to take cash out as a result. Managing Director, Real Estate Finance Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.
The financing follows CFG’s recent closing of $207 million in financing to support the refinancing of 10 skilled nursing facilities across Maryland, Virginia, and North Carolina.
