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Monticello Provides $15.8MM in Financing for Assisted Living/Memory Care Facility Portfolio

February 07, 2020, 08:55 AM
Filed Under: Nursing Facilities

MONTICELLOAM, LLC and its affiliates (Monticello), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $15.8 million in first lien debt financing for the acquisition and renovation of three Assisted Living/Memory Care facilities consisting of 126 units in Tennessee.

The transaction’s sponsor is an experienced owner and operator of seniors housing communities. Inclusive of recent transactions, the sponsor has a current portfolio of 1,116 units.

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