Capital Funding Group closed $17.27 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities in Massachusetts. In total, the portfolio comprises 322 beds. Closing occurred on June 28, less than 60 days from receipt of the signed term sheet. Craig Casagrande and Catherine Mansel handled the transaction on behalf of a nationally recognized borrower.
This financing follows CFG’s closing of a $23.6 million bridge-to-HUD loan that supported the refinancing of an existing bridge loan executed by CFG. The transaction supported a 169-bed SNF in Delaware.
