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Monticello Provides $13.5MM in Financing for a 120-Bed Skilled Nursing Facility in Virginia

January 29, 2020, 08:50 AM
Filed Under: Nursing Facilities

Monticello AM, LLC and its affiliates (Monticello), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has recently provided $13.5 million in first lien debt financing for the acquisition of one skilled nursing property totaling 120 beds in Virginia.

The transaction’s sponsor is an experienced owner and operator and currently operates 26 facilities in five states. The sponsor is experienced in the state of Virginia as they currently operate seven facilities comprising of 915 licensed beds.

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