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FARMINGTON and HOWELL, Mich. — Capital Finance LLC, a subsidiary of Baltimore-based Capital Funding Group (CFG), has arranged a $7 million working capital line of credit for the operator of Farmington Health Care Center in Farmington and Howell Care Center in Howell.
Both towns are northwest suburbs of Detroit. The two skilled nursing facilities, which were recently acquired, total 273 beds.
The credit line provides the borrowers with additional commitment capacity while they work to obtain their new provider numbers from the Centers for Medicare and Medicaid Services, according to CFG.