Cfg Provides $207.1m Bridge-to-hud Loan For Skilled Nursing Portfolio In Florida
BALTIMORE — Capital Funding Group (CFG) has provided a $207.1 million bridge-to-HUD loan to 980Investments to support the partnership buyout of a portfolio of skilled nursing facilities in Florida. Together, the facilities total 1,423 beds across 13 properties.
Additionally, Capital Finance LLC, a subsidiary of CFG Bank, provided $15 million in accounts receivable financing to support the working capital needs of the facilities.
Andrew Jones and Ava Julio of Baltimore-headquartered CFG originated the bridge-to-HUD loan, and Jeffrey Stein of Capital Finance originated the accounts receivable working capital line of credit.
The post CFG Provides $207.1M Bridge-to-HUD Loan for Skilled Nursing Portfolio in Florida appeared first on Seniors Housing Business.
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