Capital Funding Group announced the closing of five transactions totaling more than $54 million from mid-October through mid-November. The financing supported five skilled nursing facilities, one senior care community and two multifamily properties throughout the country and was executed on behalf of nationally recognized borrowers.
First was a transaction that involved a $2.72 million bridge-to-HUD junior term loan for the acquisition of two skilled nursing facilities featuring a total of 194 beds in Maryland and Delaware. Andrew Jones originated the deal and the financing closed October 8. The transaction had a total senior and junior debt capital stack of $27.83 million.
The next transaction involved a $12.87 million for the refinancing of existing debt for a skilled nursing facility with 120 beds in South Carolina. James Zabel handled the deal and the financing closed October 21.
CFG then closed a $5.95 million HUD loan for the refinancing of a senior care community with 156 assisted living and skilled nursing beds in Ohio. Craig Casagrande facilitated the deal, and the financing closed November 7.
In the fourth transaction, CFG closed a $20.48 million value-add bridge loan for two multifamily properties comprising 181 units in Georgia. Elizabeth Buckalew and Andrew Yerger originated the deal and the financing closed November 8.
CFG last secured an $11.98 million bridge-to-HUD loan for the refinancing of two skilled nursing facilities totaling 118 beds in California. The financing consolidated existing debt and provided a dividend recapture for the borrower, which will exit with long-term HUD financing soon after closing. Patrick McGovern and Ryan Hunsicker handled the deal and the financing closed November 13.
These transactions follow CFG’s announcement highlighting the closing of a $132.24 million bridge loan on behalf of a nationally recognized borrower. The deal supported the refinancing of four skilled nursing facilities featuring 731 beds in Virginia. CFG closed the transaction October 29, 47 days from receipt of the signed term sheet. Craig Casagrande and Catherine Mansel facilitated the transaction.
