Capital Funding Group closes $40.35M deal for 2 skilled nursing facilities

Daily Record Staff//July 6, 2021//

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Baltimore-based Capital Funding Group (CFG) on Tuesday announced the closing of $40.35 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities.

The facilities, located in California and Kentucky, support 270 beds.

The borrower previously operated these facilities and through this transaction was able to purchase the real estate of the two facilities, allowing it to execute on its goal of continuing to grow its portfolio of facilities they own and operate.

Patrick McGovern and Tommy Dillon originated the transaction for Capital Funding Group.

Capital Funding Group is a full-service provider of financing solutions for health care facilities nationwide, focusing on the long-term care, assisted living and hospital sectors.

Capital Funding LLC, a subsidiary of CFG Community Bank, has provided more than $2 billion in Section 232 mortgages nationwide since the inception of the LEAN program.