BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has provided a $13.8 million mezzanine loan that supported the refinancing of eleven skilled nursing facilities and one assisted living facility.
In addition to the mezzanine debt, CFG helped the client place the senior debt, which totaled $78.5 million. The total financing package amounted to $93.3 million.
The facilities, which span Washington, Idaho, and Oregon, comprise over 1,554 beds.
Further details on the borrower and properties were not disclosed.