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KENTUCKY — Capital Funding Group (CFG) has provided a $7.2 million HUD-insured loan to refinance debt on a 162-bed skilled nursing facility in Kentucky.
CFG executed the original bridge loan, which allowed the borrower to acquire the facility’s real estate; the facility has since stabilized and is now exiting with permanent HUD financing. Further details on the property and borrower were not disclosed.
Patrick McGovern originated the transaction for the CFG.