Capital Funding Provides $13.8M Acquisition Financing for Skilled Nursing Facility in New Jersey

NEW JERSEY — Capital Funding LLC has provided a $13.8 million bridge-to-HUD loan for the acquisition of a skilled nursing facility in New Jersey.

Preferred Care operates the property, which features 126 beds. Further details on the name, location and borrower were not disclosed.

Craig Casagrande originated the transaction for Capital Funding.