Capital Funding Group Provides $39.4M in Loans for Madison Creek Partners

by Jeff Shaw

BALTIMORE — Capital Funding Group, a Baltimore-based lender, has provided loans totaling $39.4 million for Madison Creek Partners, a California-based owner of skilled nursing facilities.

In the first transaction, Capital Funding, along with co-lenders, provided $30.4 million in bridge-to-HUD financing to refinance a portfolio of seven skilled nursing facilities in California and Colorado. The portfolio contains a total of 460 licensed beds. Capital Funding’s Patrick McGovern originated the loan.

Additionally, the company provided a $9 million working capital line of credit for Madison Creek Partners. Brian Stromberg originated the transaction.

You may also like