Capital Funding Group Closes $207.1M Loan For 980Investments' Purchase Of Nursing Home Portfolio In Florida

The asset involved in this transaction is a nursing home portfolio located in Florida, consisting of 13 skilled nursing facilities with a total of 1,423 beds. The transaction includes a significant loan amount of $207,100,000, aimed at facilitating the buyout by 980Investments.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $207,100,000
• Address: Nursing Home Portfolio
• Market: Florida
• Beds: 1,423
• Lender: Jeffrey Stein, Tim Eberhardt, Andrew Jones & Ava Julio - Capital Funding Group
• Landlord: 980Investments
• Accounts Receivable Financing: $15,000,000

The deal was orchestrated by Capital Funding Group, which provided the bridge-to-HUD loan and additional financing to support the working capital needs of the portfolio. The transaction was completed on October 21, 2024, showcasing a structured approach to streamline the HUD application process and mitigate associated risks.