Capital Funding Group announced the closing of a major bridge loan for a skilled nursing client to finance the partnership buyout of a large skilled nursing portfolio in Florida. CFG’s Andrew Jones and Ava Julio originated the loan on behalf of 980Investments, a nationally recognized real estate investment company and the landlord of the 13 skilled nursing facilities in question.
CFG closed a $207.1 million bridge-to-HUD loan and also provided $15 million in accounts receivable financing to support the working capital needs of the portfolio. There are a total of 1,423 beds across the facilities. CFG closed both deals on October 21, 2024, and a subsidiary of CFG Bank, Capital Finance, LLC provided the A/R working capital line of credit, with Jeffrey Stein originating it.
