OHIO — Capital Funding Group, a Baltimore-based lender, has closed a bridge-to-HUD term loan for Vantage Point Capital.
The borrower will use the funds to acquire five skilled nursing facilities throughout Ohio. The names of the facilities and amount of the loan were not disclosed.
As part of the acquisition, the properties were leased to Crown Healthcare Group. Capital Funding Group also provided a multimillion-dollar line of credit to the operator in conjunction with the lease.
Tim Eberhardt and Erik Howard originated the real estate financing, while Jeffrey Stein closed the working capital line of credit.
Vantage Point Capital is an investment firm that specializes in acquiring and then triple-net leasing skilled nursing and assisted living facilities throughout the United States. The company currently owns healthcare real estate assets in Colorado, Florida, North Carolina, Ohio and Pennsylvania.