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Article: Tough Lending Environment No Barrier for Six Mid-Atlantic Assisted Living Facilities.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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Capital Funding Group, Morningside House Complete Largest Ever Assisted Living Portfolio Financing under HUD's LEAN Program
BALTIMORE, Nov. 5 /PRNewswire/ -- Six assisted living facilities in Virginia and Maryland were able to refinance over $80 million of existing debt through the Federal Housing Administration mortgage insurance program thanks to Baltimore-based Capital Funding Group (CFG), a leading healthcare commercial lender based in Baltimore.
"We all know how difficult is it to borrow money right now, but with help from our friends at CFG, we got it done," said Kelly Mason, Morningside Group CEO. "With the challenges we face in healthcare, ...