Capital Funding Group financed more than $86 million across six transactions from early to mid-August. The transactions supported two memory care communities, four skilled nursing facilities, and one psychiatric hospital in Missouri, California, Tennessee, Texas and Virginia on behalf of nationally recognized borrowers, one of which is a returning client.
First, CFG provided a $33.1 million senior loan for the refinancing of two memory care communities in Missouri and California, featuring 122 beds. Last year, CFG provided a mezzanine loan for the borrower to acquire the properties. Ken Assiran and Jake Walsh originated the deal.
Next, the company provided a $10.9 million HUD loan for the refinancing of a 150-bed skilled nursing facility in Tennessee. Tim Eberhardt, Craig Casagrande and Catherine Mansel originated the deal.
Separately on the same day, the company provided a $12.7 million HUD loan for the refinancing of a 103-bed skilled nursing facility in Tennessee. Eberhardt, Casagrande and Mansel originated the deal. Eberhardt, Casagrande and Mansel then originated a $9.4 million HUD loan for the refinancing of a 179-bed skilled nursing facility in Texas.
CFG also provided a $20.6 million HUD loan for the refinancing of a 120-bed skilled nursing facility in Virginia. Andrew Jones originated the deal. Lastly, CFG provided a $16.4 million bridge loan for the refinancing of a 72-bed psychiatric hospital in Missouri. This transaction supports the transformation of a former senior living facility, originally built in 2001, into a psychiatric hospital. Tommy Dillon and Ryan Herman originated the deal.
These transactions follow CFG’s announcement on the closing of a $50.3 million delayed draw bridge-to-HUD loan, recapitalizing 13 skilled nursing facilities in California, New Hampshire and Massachusetts. CFG intends to refinance into permanent long-term HUD debt. CFG closed the transaction.
