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Capital Funding Group closes $262.6M in financing for long-term care portfolio

Daily Record Staff//September 13, 2021

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Capital Funding Group closes $262.6M in financing for long-term care portfolio

Capital Funding Group closes $262.6M in financing for long-term care portfolio

By Daily Record Staff

//September 13, 2021

Baltimore-based Capital Funding Group announced Monday the closing of a $262.6 million term loan to support the refinancing of a 29-asset long-term care portfolio.

Spanning Colorado, California and Wyoming, the portfolio includes 28 skilled nursing facilities and one joint skilled nursing and assisted living facility, with a total of 3,140 beds. The portfolio is owned by a privately owned real estate investment group.

This was a complex transaction in which CFG underwrote the transition of the portfolio to four new regional operators, from SAVASeniorCare, which had previously announced these divestitures in 2020. The real estate ownership of the portfolio did not transition.

Erik Howard and Director Tim Eberhardt originated the transaction for Capital Funding Group.

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