Capital Funding Group Closes $11.26 Million in Financing for Acquisition of Skilled Nursing Facility in California
The facility, which is located in Sacramento, California, supports 121 beds.
Capital Funding Group (CFG) today announced the closing of $11.26 million in Bridge-to-HUD financing for the acquisition of a skilled nursing facility. The facility, which is located in Sacramento, California, supports 121 beds.
“We’re excited to announce the closing of this deal for our client to support their business growth. Not your typical lender, we are a trusted partner who empowers our clients to succeed and grow,” said CFG Managing Director, Long-Term Care Craig Casagrande. “Our clients’ goals are important to us, and we bring our no-limits attitude to every project and relationship – no matter the unique challenge – to execute creative solutions to accomplish goals.”
Capital Funding Group Managing Director, Long-Term Care Tim Eberhardt and Senior Associate Ava Julio originated the transaction for the company.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program. CFG Bank is an Equal Housing Lender. Member FDIC.
