Capital Funding Group Provides Loans Totaling $26.6M for Two Communities in California, Illinois

by Jeff Shaw

SAN MARCOS, Calif., and ARLINGTON HEIGHTS, Ill. — Capital Funding Group, a lender based in Baltimore, has provided a $6.8 million bridge-to-HUD loan for Village Square Skilled Nursing Facility and a $19.8 million HUD construction loan for Transitional Care of Arlington Heights.

Village Square is a 118-bed skilled nursing facility in San Marcos, approximately 35 miles north of San Diego. The bridge-to-HUD loan will finance the acquisition of the facility, but the buyer and seller were not disclosed. Gary Sever arranged the financing.

Transitional Care of Arlington Heights is a planned 120-bed skilled nursing facility in the Chicago suburb of Arlington Heights. The loan, which will finance the construction of the community, has a 40-year term. Craig Casagrande originated the loan.

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