CFG Arranges $207M Refinancing for 10-Property Skilled Nursing Portfolio

by Jeff Shaw

BALTIMORE — Baltimore-based Capital Funding Group (CFG) has arranged $207 million in financing to support the refinancing of 10 skilled nursing facilities.

The facilities, which span Maryland, Virginia and North Carolina, total over 1,200 beds. The borrowers are affiliates of The Portopiccolo Group.

The transaction represents the largest deal closed by CFG this year to date. The financing also allowed for an equity recapture at closing, a transition to third-party tenants for eight of the 10 facilities as part of the closing and an earn-out structure to provide access to additional capital in the future.

Capital Funding Group’s Tim Eberhardt and Ava Julio originated the transaction.

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