CFG Provides $16.3M Acquisition Financing for Two Skilled Nursing Facilities in Utah

by Jeff Shaw

UTAH — CFG, a subsidiary of CFG Bank, has provided $16.3 million in bridge-to-HUD financing for the acquisition of two skilled nursing facilities. 

The properies, which are in Utah, support a total of 220 beds. 

The deal allowed the undisclosed borrower to expand its footprint into a new state. Further details were not disclosed.

Tommy Dillon of CFG originated the transaction.

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