CFG Provides $8.8M Mezzanine Acquisition Financing for Skilled Nursing Facility in New York City

by Jeff Shaw

NEW YORK CITY — Capital Funding Group (CFG) has provided $8.8 million in mezzanine financing for the acquisition of a skilled nursing facility in Brooklyn.

The mezzanine debt was part of a financing package of $60.8 million. The other funds were secured through a syndication effort with a bank CFG has partnered with in the past.

The facility features 240 beds. Further details were not disclosed.

Craig Casagrande and Andrew Jones of CFG originated the transaction.

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