Capital Funding Group Closes Three Loans Totaling $47M for Skilled Nursing Facilities in the Northeast

NEW YORK and PENNSYLVANIA — Capital Funding Group (CFG), a Baltimore-based lender, has closed loans totaling $47 million for three skilled nursing facilities in New York and Pennsylvania. The borrower, property names, specific locations and other details of the properties were not disclosed.

In the first transaction, CFG was the sole lender for a $9.8 million HUD loan for a skilled nursing facility in New York.

In the second transaction, CFG was the sole lender for a $31.2 million HUD loan for a different skilled nursing facility in New York. The transaction refinanced a short-term bridge loan that CFG also provided.

In the third transaction, CFG was sole lender on a $6 million bridge-to-HUD loan for a skilled nursing facility in Pennsylvania.

Craig Casagrande originated all three loans for CFG.

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