Capital Funding Group announced the closing of a $42 million HUD financing package on behalf of a nationally recognized borrower. The package included three loans supporting the refinance of existing bridge loans for three skilled nursing facilities: a $9.8 million HUD loan to support an 80-bed facility in Idaho, a $21.6 million HUD loan to support a 101-bed facility in Washington and a $10.6 million HUD loan to support a 108-bed facility in Washington. Tim Eberhardt and Ava Julio handled this transaction.
This financing follows CFG’s recent announcement of the closing of a bridge-to-HUD loan totaling $9.75 million on behalf of a nationally recognized borrower. The loan supported the refinancing of a 123-bed skilled nursing facility in Massachusetts.
