Capital Funding Group announced the closing of a $10.9 million HUD loan on behalf of a nationally recognized borrower. The loan supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan. The refinancing was secured by a 112-bed skilled nursing facility in Arizona. Tommy Dillon of CFG originated the transaction.
This financing follows the company’s recent announcement of $22.4 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities in Georgia secured by 338 beds.
