Capital Funding Group (CFG) secured a $20 million Bridge-to-HUD loan for the refinancing of a 125-bed skilled nursing facility located in Maryland. The transaction was finalized on March 29, 2024.

“We’re excited to share the closing of this deal, as it rounded out a strong first quarter of executing financing on behalf of our clients across the country,” said Tim Eberhardt, CFG Bank Chief Lending Officer, Bridge and HUD Loans. “We work closely with our clients to understand their business goals. We then streamline the entire HUD process from the initial application to the final closing, leaving no step overlooked, and after the loan is executed, we continue servicing the loan, for the life of the loan. We look forward to continuing this year’s momentum.”

This financing adds to CFG’s recent investments, including the closure of a $65 million bridge loan supporting the refinancing of a nine-facility senior living portfolio in Ohio. The portfolio consists of independent living, assisted living, and skilled nursing facilities and totaled 709 beds, closed on March 26, 2024, for a nationally recognized borrower.

“This deal encapsulates our bullish position on the full continuum of care,” Eberhardt said. “With our one-stop-shop, comprehensive loan offerings and entrepreneurial approach to lending, our team is able efficiently execute deals of all sizes and complexities, including multi-facility deals like this one, to help our clients grow their business.”

Skilled Nursing and Assisted Living Community in Northwestern Wisconsin Changes Hands

A local operator has acquired a skilled nursing and assisted living facility situated in Washburn County, Wisconsin, from a non-profit seller.

Ziegler, a leading specialty investment bank, advised on the sale of an 80-bed facility. The transaction was completed on May 1, 2024.

“We’re dedicated to enriching not-for-profit organizations strategically and, when necessary, assisting them in identifying non-core assets to strengthen and add life to their portfolios,” Nick Glaisner, managing director in Ziegler’s Senior Housing & Care Practice, said in a press release.

Touchstone Communities Expands Presence in Central Texas with Acquisition of Skilled Nursing Communities

Skilled nursing and senior living provider Touchstone Communities announced its acquisition of three skilled nursing communities and an assisted living facility in Killeen,Texas, effective May 1.

According to Touchstone, the Hill Country Rehab and Nursing Center will be renamed Hill Country Heights. The facility will continue to offer skilled nursing and rehabilitation services for both short-term and long-term care patients and residents.

Similarly, Indian Oaks Living Center will be rebranded as Harker Heights Nursing & Rehabilitation. It will provide skilled nursing and rehabilitation services for short-term and long-term patients and residents.

Rosewood Retirement Community in Killeen will be renamed Rosewood Heights, and focus on skilled nursing services.

The acquisition brings Touchstone Communities’ total property count to 31 facilities.