Capital Funding Group (CFG) on Monday announced it had closed on an $84.7 million bridge-to-HUD financing deal for eight long-term care facilities, on behalf of skilled nursing operator Venza Care.

The portfolio consists of seven skilled nursing facilities and one assisted living facility across Alabama, with a total of 797 beds, CFG said in a statement.

Venza currently operates three facilities, one each in North Carolina, Tennessee, South Carolina.

“The closing of this financing well showcases our team’s entrepreneurial approach and ability to think outside of the box to create solutions,” CFG Managing Director of Long-Term Care Craig Casagrande said in a statement.

Casagrande said CFG’s more than 35 years of lending experience in the space, and “agility as problem solvers” helped the team get creative with clients in need of funding to continue company growth.

“It’s been an exciting year, and we look forward to continuing this momentum,” said Casagrande.

CFG collaborated with an unnamed strategic partner to arrange the deal, the firm said.

Casagrande, along with CFG Vice President Andrew Jones, originated the transaction for CFG. The Alabama deal follows CFG’s closing of a $10.9 million refinance deal to support a 99-bed SNF in California, also a bridge to HUD loan deal.