CFG’s latest transaction batch
As always, Capital Funding Group closed a number of various transactions in the past month. First, Craig Casagrande originated a $13.7 million loan secured by the cash flow of seven skilled nursing facilities operated by CommuniCare Family of Companies. The loan will be used for general corporate purposes to help strategically position itself for future opportunities. Next, Patrick McGovern originated two-part financing to facilitate the acquisition of two central-Michigan skilled nursing facilities, with 210 beds, affiliated with the not-for-profit University of Michigan Health System. The Peplinski Group was the buyer, receiving a bridge-to-HUD acquisition loan arranged by Capital... Read More »No rest for the weary
Capital Funding Group recently announced the closing of four transactions for three different skilled nursing facilities across the country. First up, Capital Funding provided an undisclosed amount of subordinated debt to finance the acquisition of a 175-bed SNF in Modesto, California. A group of private real estate investors was the buyer, which brought on an affiliate of Windsor Healthcare to operate. Next up, in a deal that may sound familiar to our readers, CFG financed Vita Healthcare Group’s acquisition of a 140-bed skilled nursing facility in Hatboro, Pennsylvania. There were three parts to the transaction. Capital Funding arranged a $13.36 bridge-to-HUD loan funded through a... Read More »Bridge to success
Capital Funding Group closed three bridge-to-HUD loans for three turnaround opportunities totaling over $25 million, all of which helped finance acquisitions. First, Gary Sever originated a $10.8 million loan, provided by Capital Lending and Mortgage Group, to facilitate the acquisition of two skilled nursing facilities (with 151 and 64 beds, respectively) by affiliates of the ARBA Group for $9.5 million. The funds also allow ARBA to renovate both facilities. Next, Mr. Sever originated an $8.16 million loan from Capital Funding, LLC for ARBA to acquire a 365-bed (though with 265 functional beds) skilled nursing facility in Fort Worth, Texas for $9.6 million. Built in 1974, the facility was... Read More »Financings from Capital Funding
Capital Funding Group announced a pair of HUD loans on two sides of the country. The first, originated by Patrick McGovern, totaled nearly $5.5 million and went towards refinancing a 53-bed assisted living community in Sacramento, California. Capital Funding provided the original bridge loan in 2012 for the community and recapitalized the borrowing entity with more than $1 million in cash. The second transaction, originated by Gary Sever, totaled $14 million and refinanced a bridge loan (that CFG had also previously provided) on a 180-bed skilled nursing facility in Palatka, Florida. The bridge loan helped fund the acquisition of the facility in September 2014. Capital Funding is the sole... Read More »Schedule a demo
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