Capital Funding Group closed two HUD loans totaling $13.55 million to support the refinancing of two skilled nursing facilities. Both facilities are in Illinois, and together they comprise 173 beds. No other details surrounding the financing were disclosed.
This announcement follows CFG’s closing of $16.25 million in bridge-to-HUD financing on behalf of a nationally recognized borrower for the acquisition of two Utah skilled nursing facilities that totaled 220 beds. This acquisition marked the borrower’s entrance into the state.