Capital Funding Provides $18.5M Acquisition Financing for Four-Property Skilled Nursing Portfolio in Texas

TEXAS — Capital Funding LLC has provided a total of $18.5 million in bridge-to-HUD financing for the acquisition of four skilled nursing facilities in Texas.

The portfolio totals 491 beds. The buyer, seller and names of the facilities were not disclosed. A third-part operator will manage the properties.

Patrick McGovern was the originator of the deal.