Capital Funding Arranges $18.3M Bridge-to-HUD Acquisition Loans for Two Pennsylvania Skilled Nursing Facilities

by Jeff Shaw

COLUMBIA and ELIZABETHTOWN, Pa. — Capital Funding Group has arranged a bridge-to-HUD loan for the acquisition of two skilled nursing facilities: Susquehanna Valley Nursing and Rehabilitation Center in Columbia and Rheems Nursing and Rehabilitation Center in Elizabethtown.

Together, the two facilities total 256 beds.

Craig Casagrande of Capital Funding LLC, a subsidiary of CFG Community Bank, originated the transaction, which totaled $18.3 million. Additionally, Capital Finance issued a working capital line of credit to finance day-to-day operations.

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