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Capital Funding Group closes $10.9M for refinancing of Arizona skilled nursing facility

Capital Funding Group closes $10.9M for refinancing of Arizona skilled nursing facility

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Baltimore-based Capital Funding Group (CFG) Wednesday announced the closing of a $10.9 million HUD loan which supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan.

The refinancing supported a 112-bed skilled nursing facility in Arizona. The transaction was closed on Sept. 28.

This financing follows the company’s recent announcement of $22.4 million in Bridge-to-HUD financing for the acquisition of three skilled nursing facilities. The facilities, which are located in Georgia, support 338 beds.

CFG Vice President Tommy Dillon originated the transaction for the company.