Capital Funding Group closed a bridge financing for the acquisition of four skilled nursing facilities, featuring a total of 487 beds, across Colorado, Alabama and Arizona. The portfolio sold for $51.2 million, or $105,100 per bed, to an operator looking to expand its portfolio.
CFG intends to bring the loan to HUD for a permanent refinance. CFG Managing Director and Co-Head of Healthcare Business Development Andrew Jones and Senior Associate Ava Julio originated the transaction for the company.
