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.