Capital Funding Group financed more than $53 million across four transactions from mid- to late-March. The transactions supported three skilled nursing facilities and four assisted living and memory care communities throughout South Carolina and Georgia. They were completed on behalf of nationally recognized borrowers, one of which is a returning client.
The first transaction was a $13 million bridge-to-HUD loan for the acquisition of four assisted living and memory care communities with 219 beds in Georgia. James Zabel originated the transaction. CFG next provided a $12.4 million HUD loan for the refinancing of a 176-bed SNF in Inman, executing the permanent, low-interest rate, non-recourse financing for an existing client. Patrick McGovern and Ryan Hunsicker handled the transaction.
The third transaction was a $12.2 million HUD loan for the refinancing of an 88-bed SNF in South Carolina. Craig Casagrande facilitated the transaction. Casagrande then originated a $15.5 million HUD loan for the refinancing of a 163-bed SNF in South Carolina.
These four transactions follow CFG’s recent closing of a $53.4 million bridge-to-HUD loan. The deal provided interim financing to facilitate the refinancing of a maturing loan supporting two SNFs and one AL community in Victorville, California. CFG intends to refinance the loan into permanent, long-term debt insured through HUD.
