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Capital Funding Group Closes $207.1M Bridge-To-HUD Loan for The Partnership Buyout of a Portfolio of Thirteen Skilled Nursing Facilities in Florida
Oct 31, 2024•over 1 year ago
Contract Type
partnership
Description
Capital Funding Group (CFG) announced the closing of a $207.1 million bridge-to-HUD term loan to facilitate the partnership buyout of a portfolio of thirteen skilled nursing facilities with 1,423 beds in Florida. Additionally, CFG provided $15 million in accounts receivable financing to support the working capital needs of the portfolio.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months