MONTICELLOAM and its affiliates have provided $195.7 million in bridge, mezzanine, and working capital financing for a seven-property skilled nursing portfolio spanning Virginia and Indiana.
The financing was provided to a repeat MONTICELLOAM client.
Of the total, $184.7 million consists of bridge and mezzanine loans that will support the refinancing of three skilled nursing communities in Virginia and the acquisition of four skilled nursing communities in Indiana.
An additional $11 million working capital line of credit will support day-to-day operating expenses across the portfolio.
The seven facilities collectively contain more than 900 skilled nursing beds.
The financing structure gives the sponsor acquisition capital, refinancing proceeds, and working capital through a single broader transaction.
MONTICELLOAM specializes in financing for senior housing and multifamily properties and provides bridge, working capital, and permanent financing solutions across the U.S.
The platform was founded in 2014 by Alan Litt, Thomas Lally and Jonathan Litt.
KEY QUOTES:
“Skilled nursing operators who are expanding their portfolio need a capital partner that can keep pace with their goals and bring genuine depth to every transaction. Our platform was designed to do exactly that, combining lending expertise, structuring flexibility, and a true understanding of the healthcare real estate landscape.”
Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending Team
“We approach every transaction with the goal of providing operators with the stability they need to deliver quality care. This financing gives them room to handle today’s challenges while staying ready for what’s ahead.”
Matthew Lark, Head of Healthcare Underwriting at MONTICELLOAM
