CFG Closes Two HUD Refinancings Totaling $20M for Properties in North Carolina, Texas

HOUSTON — Capital Funding Group, a Baltimore-based lender, has closed HUD refinancing loans for an assisted living community in North Carolina and a skilled nursing facility in Houston.

In the first transaction, Capital Funding secured a $17.4 million refinancing for a 101-bed skilled nursing facility in Houston. The loan included $450,000 to be used on repairs and improvements at the property. Patrick McGovern secured the loan. The name of the facility was not released.

In the second transaction, Capital Funding secured a $2.5 million refinancing for an assisted living community in North Carolina, reducing the borrower’s interest rate. The name and location of the community were not disclosed. Gary Sever secured the loan.

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