CFG Funds $43.4M HUD Refinancing for Skilled Nursing Facility in Bakersfield, California

by Jeff Shaw

BAKERSFIELD, Calif. — Capital Funding Group (CFG) has provided a $43.4 million HUD loan for a 140-bed skilled nursing facility in Bakersfield.

The transaction converts an existing bridge loan into a HUD loan following the property’s stabilization. 

The initial financing, also executed by CFG, allowed the nationally recognized borrower to acquire the property.

Patrick McGovern originated the transaction for CFG.

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