Capital Funding Group Closes Six HUD Refinancings Totaling $47.2M

BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has closed six HUD mortgages for a privately held skilled nursing and assisted living operator.

The financings total $47.2 million and include:

  • a $5.9 million mortgage for a Missouri skilled nursing facility
  • a $12.7 million mortgage for a Colorado skilled nursing facility
  • a $4.2 million mortgage for a Colorado skilled nursing/assisted living facility
  • a $8.8 million mortgage for an Oregon skilled nursing facility
  • a $12.9 million mortgage for a Kansas skilled nursing facility
  • a $2.7 million mortgage for a Massachusetts skilled nursing facility

The transactions were all 232/223(f) refinances of existing term loans from conventional lenders. The borrower was seeking to lock in fixed-interest financing for 30-year to 35-year terms.

Erik Howard of Capital Funding Group coordinated the transactions.

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