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BRIDGMAN, Mich. — Capital Funding LLC has provided a $6.1 million HUD mortgage to refinancing debt on West Woods of Bridgman, a 92-bed skilled nursing facility.
The property is located in Bridgman, a small city in the southwestern corner of Michigan. The transaction allowed the borrower to refinance the original bridge loan used to acquire the building, which Capital Funding also provided. The financing includes money for capital improvements at the facility.
Patrick McGovern of Capital Funding originated the deal.