Capital Funding Closes $24.9M in Financing for Three Skilled Nursing Facilities in Washington, Colorado

BALTIMORE — Capital Funding Group, a Baltimore-based Lender, has closed HUD mortgages totaling $24.9 million for a privately held skilled nursing provider.

The financing was set up as three separate mortgage loans: a $9.1 million loan for a  facility in Colorado, a $10 million loan for a facility in Washington, and a $5.8 million loan for another facility in Washington. The names of the facilities were not disclosed.

The transactions will refinance existing debt with fixed-rate financing. The terms range from 30 to 35 years with flexible prepayment options.

Capital Funding’s Erik Howard coordinated the transactions.

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