Capital Funding Group closes $13.84M mezzanine loan to refinance 12 long-term care facilities

Baltimore-based Capital Funding Group (CFG) Tuesday announced the closing of a $13.84-million mezzanine loan, which supported the refinancing of eleven skilled nursing facilities and one assisted living facility. In addition to the mezzanine debt, CFG helped the client place the senior debt which totaled $78.46 million. The total financing package amounted to $93.31 million. The facilities, which span Washington, Idaho, and Oregon, operate more than 1,554 beds. The financing was closed on Aug. 25.