Capital Funding, LLC financed the acquisition of a skilled nursing facility in New Jersey, and they expect the transaction to come full circle with a HUD refinance in a few years. That business has been good to them, as Capital Funding is coming off 33 transactions and nearly $395 million in volume in HUD’s most recent fiscal year.
Craig Casagrande originated the $13.8 million bridge loan. Featuring 126 beds, the facility is operated by Preferred Care.
