FLORIDA — Capital Funding Group (CFG) has provided a $9 million HUD loan to refinance a 122-bed skilled nursing facility in Florida.
The borrower is a national owner-operator. The loan refinances an existing term loan from a third-part bank. The new financing increased the leverage on the property, providing equity to the borrower.
Further details on the community and borrower were not disclosed.
Erik Howard and Tim Eberhardt of CFG originated the deals.