Capital Funding Group Closes $23M HUD Loan for Skilled Nursing Facility in Pennsylvania

by Jeff Shaw

PENNSYLVANIA — Capital Funding Group, a Baltimore-based lender, has provided a $23 million HUD loan for a 324-bed skilled nursing facility in Pennsylvania.

The name and location of the facility were not disclosed.

Capital Funding is the sole lender, and also provided the initial bridge acquisition loan in 2014. The new loan converts the existing debt into HUD financing.

Patrick McGovern originated both loans.

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