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BALTIMORE — Capital Funding Group, a Baltimore-based lender, has provided loans totaling $39.4 million for Madison Creek Partners, a California-based owner of skilled nursing facilities.
In the first transaction, Capital Funding, along with co-lenders, provided $30.4 million in bridge-to-HUD financing to refinance a portfolio of seven skilled nursing facilities in California and Colorado. The portfolio contains a total of 460 licensed beds. Capital Funding’s Patrick McGovern originated the loan.
Additionally, the company provided a $9 million working capital line of credit for Madison Creek Partners. Brian Stromberg originated the transaction.