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Capital Funding Group closes $135M loan for skilled nursing portfolio

Baltimore-based Capital Funding Group (CFG) announced Tuesday the closing of a $135 million bridge loan for the refinancing and dividend recapitalization of a skilled nursing facility portfolio. The portfolio features nine facilities and 1,448 beds, across Maryland, Georgia and West Virginia.

The nationally recognized borrower is an industry-leading owner of skilled nursing facilities.

Tim Eberhardt, managing director for long-term care and Ava Julio, senior associate, originated the transaction for Capital Funding Group.

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

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.