Capital Funding Group closed two bridge loans that support two seniors housing communities. The loans total $23.45 million and the communities are in Florida and Michigan. The first transaction closed in June, and the second in July.
On June 27, CFG closed an $8.95 million financing for Lithia Assisted Living, LLC, supporting the refinancing of Twin Creeks Assisted Living and Memory Care. Twin Creeks is an 80-unit assisted living/memory care community in Riverview, Florida.
Then, on July 22, CFG completed $14.5 million in acquisition financing on behalf of Investor Land Holding of Brighton, LLC. The loan facilitated the acquisition of Hampton Manor of Brighton, which comprises 73 units of assisted living and memory care in Brighton, Michigan.
