BALTIMORE — Capital Funding Group (CFG) has provided $40 in financing for seniors housing communities throughout the United States in four separate transactions.
In the first loan, CFG provided a $13 million construction loan for Spring Arbor Cottage, a 48-bed memory care community in Virginia. HHHunt is developing the property. Gary Sever arranged the fixed-rate loan, which has a 40-year term.
In the second transaction, CFG provided a $7 million HUD line of credit for Petersen Health Care, a skilled nursing provider in Illinois. Jeffrey Stein originated the loan.
In the third transaction, CFG provided a $10 million working capital line of credit for eight Wingate Healthcare skilled nursing facilities in Massachusetts. Jeffrey Stein originated the loan.
In the final transaction, CFG provided a $10 million expansion on existing lines of credit for the Utah facilities of Avalon Health Care, a skilled nursing provider in the West. The expansion increases the total credit facility to $28.9 million. Jeffrey Stein originated the deal.
Capital Funding Group is a lender based in Baltimore.