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Monticello Provides $97.2MM in Financing for an 856-Bed Skilled Nursing Facility Portfolio

March 31, 2020, 08:54 AM
Filed Under: Nursing Facilities

MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $97.2 million in first lien debt financing for the acquisition of five skilled nursing properties totaling 856 beds in Virginia. The transaction also includes a $8 million working capital loan to the operating companies of the properties provided by Monticello’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 1,155 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities during 2019 for the sponsor.

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