Many skilled nursing owners are exiting the business these days, but family-owned private equity firm The Portopiccolo Group has been actively buying in the last couple of years. Its latest acquisition was the third Virginia property to join its portfolio so far this year, after purchases in Roanoke (February) and Dunn Loring (August). Portopiccolo’s latest […]
Capital Senior Ventures made a bet on the Las Vegas skilled nursing market, acquiring a state-of-the-art skilled nursing facility in the city for an undisclosed price. Built in 2015, the facility is the last SNF owned by Kindred Healthcare. It consists of 160 beds, including 118 private and 21 semiprivate rooms. In addition to there […]
The Portopiccolo Group picked up another two skilled nursing facilities, following its acquisition of a North Carolina SNF earlier this summer. The most recent targets included a 130-bed pediatric and geriatric rehab facility in Dunn Loring, Virginia (Washington, D.C. MSA), and a 74-bed skilled nursing facility in Silver Spring, Maryland (also D.C. MSA). Accordius Health, […]
Blueprint Healthcare Real Estate Advisors announced that it was involved in the Sabra Health Care REIT sale of 28 skilled nursing facilities in Texas and Louisiana to a joint venture of BlueMountain Capital Management, BM Eagle Holdings and Capital Funding Group for $282.5 million. Engaged by the joint venture buyer for their expertise on the […]
Capital Funding Group (CFG) pulled out all the stops for its latest transaction. It involved Vantage Point Capital’s acquisition of five skilled nursing facilities in Ohio, which Crown Healthcare Group leased concurrently on an arm’s length basis. CFG’s Tim Eberhardt and Erik Howard originated the real estate acquisition financing, which comprised a term loan, with […]
Capital Funding Group hit the spring running, closing eight deals worth just under $109 million. Six of the financings were HUD and the remaining two were bridge-to-Hud loans. Craig Casagrande closed two HUD financings in New Jersey. The first was a $16.3 million HUD loan for a 176-bed skilled nursing and assisted living facility, and […]
Certainly ending the year on a strong note, Craig Casagrande of Capital Funding Group originated three transactions, totaling over $47 million. The largest of the loans, at $31.243 million, refinanced a bridge loan on a New York skilled nursing facility. CFG had closed the bridge loan at the end of 2016 to help the borrower […]
Baltimore-based Capital Funding Group recently closed three HUD transactions totaling nearly $25 million for a repeat borrower. Erik Howard, Managing Director of Real Estate Finance, facilitated the loans, which included a $9.06 million mortgage for a Colorado skilled nursing facility, a $9.96 million loan for a Washington facility and $5.75 in financing for another Washington […]
We typically see Capital Funding Group in the financing side of the business, boasting a steady stream of agency and bridge loan closings of late. But CFG Capital Markets, its investment banking and securities subsidiary, has just announced they represented the seller in its disposition of two seniors housing communities operated by Oxford Senior Living. […]
Showing off its prowess at HUD refinances, Capital Funding Group closed three of them for clients in the Southeast. First, in Washington D.C., Patrick McGovern provided a $10.5 million HUD loan to a 183-bed skilled nursing facility. This transaction comes full circle for Mr. McGovern, who arranged the original bridge acquisition loan (being taken out […]