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Monticello Provides $58.13MM in Financing for 607 Bed Skilled Nursing Facility Portfolio in Florida

Date: Aug 27, 2021 @ 07:54 AM
Filed Under: Nursing Facilities

MONTICELLOAM and its affiliates (“Monticello”), a specialized private healthcare and asset-based lender, asset manager and servicer, announced it has provided $58.13 million in first lien debt financing for the refinance of five skilled nursing facilities consisting of 607 beds in Florida.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of over 35 buildings across Florida and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities during 2018 for the sponsor.

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