FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Monticello Provides $3MM in Working Capital for 336-Bed Skilled Nursing Facility

July 08, 2020, 08:00 AM

MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $3 million working capital loan to the operating companies of two skilled nursing properties totaling 336 beds in Tennessee. The financing is 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 8,752 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the sponsor’s acquisition of several facilities over the last several years in multiple transactions.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.