Capital Funding Group Provides $7.7M in Loans for Skilled Nursing Facility Near Buffalo

by Jeff Shaw

LOCKPORT, N.Y. — Capital Funding Group, a lender based in Baltimore, has provided $6.7 million bridge loan for the acquisition of Briody Health Care Facility, an 82-bed skilled nursing facility in the Buffalo suburb of Lockport.

In addition, Capital Finance provided a $1 million working capital line of credit for the new owners of the facility. The buyer and seller were not disclosed.

Craig Casagrande originated the loan, while Brian Stromberg originated the line of credit.

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