BAKERSFIELD, Calif. — Capital Funding Group (CFG) has provided a $43.4 million HUD loan for a 140-bed skilled nursing facility in Bakersfield.
The transaction converts an existing bridge loan into a HUD loan following the property’s stabilization.
The initial financing, also executed by CFG, allowed the nationally recognized borrower to acquire the property.
Patrick McGovern originated the transaction for CFG.
The post CFG Funds $43.4M HUD Refinancing for Skilled Nursing Facility in Bakersfield, California appeared first on Seniors Housing Business.
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