Capital Funding Group Closes $88.9MM in Bridge-to-HUD Financing for Assisted Living Program Facilities in New York
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Capital Funding Group (CFG) today announces the closing of a $88.9 million Bridge-to-HUD loan which took place on March 11, 2021. Proceeds from the bridge loan were used to refinance a 239-bed assisted living facility in Queens, N.Y. and a 184-bed assisted living facility in Brooklyn, N.Y. Both facilities are licensed Assisted Living Program facilities by the State of New York.
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