Capital Funding Group Closes $207.1M Bridge-To-HUD Loan for The Partnership Buyout of a Portfolio of Thirteen Skilled Nursing Facilities in Florida
Capital Funding Group Closes $207.1M Bridge-To-HUD Loan for The Partnership Buyout of a Portfolio of Thirteen Skilled Nursing Facilities in Florida
10/31/24, 10:53 PM
Location
floridaMoney
$207 million
Industry
lending
financial services
health care
Type
partnership
Capital Funding Group (CFG) announced the closing of a $207.1 million bridge-to-HUD term loan to facilitate the partnership buyout of a portfolio of thirteen skilled nursing facilities with 1,423 beds in Florida. Additionally, CFG provided $15 million in accounts receivable financing to support the working capital needs of the portfolio.