Capital Funding Group today announced the closing of a $7.2 million HUD loan, which supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan. The refinancing supported a 75-bed skilled nursing facility in Ohio. The deal was closed on August 17, 2023, on behalf of a nationally recognized borrower.
“We’re excited to share the closing of this financing as we continue to build on our momentum from the first half of this year,” said Tim Eberhardt, CFG Managing Director, Real Estate Finance. “With decades of experience in HUD-compliant underwriting, we execute deals more seamlessly and quickly than other lenders to help our clients get the funding they need to reach their business goals. After your loan is executed, our partnership doesn’t end because we continue servicing the loan, for the life of the loan.”
The financing follows the company’s recent announcement of its total financing for the first half of 2023, which exceeded $411 million across 27 deals nationwide.
Capital Funding Group Managing Director, Real Estate Finance Tim Eberhardt originated the transaction for the company.
About Capital Funding Group (www.capfundinc.com)
Capital Funding Group is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CFG is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CFG family of companies.
About Capital Funding, LLC
Capital Funding, LLC, a subsidiary of CFG Bank, is the national leader in the FHA-insured mortgage industry, providing more than $6 billion in Section 232 mortgages nationwide. CFG Bank is an Equal Housing Lender. Member FDIC.