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Monticello Provides $70MM to Refinance Portfolio of 7 Skilled Nursing Facilities in Arkansas

June 23, 2021, 07:50 AM
Filed Under: Real Estate

MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, provided a $70 million, five-year loan to refinance a portfolio of seven skilled nursing facilities, consisting of 953 beds, throughout Arkansas.

The transaction’s sponsors have a proven track record with Monticello and as operators in the region, currently operating a total portfolio of approximately 1,200 beds in the state of Arkansas.

Monticello offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, as well as working capital lines of credit. Monticello provides financing for skilled nursing facilities, assisted living facilities, independent living facilities and other healthcare facilities or senior housing communities throughout the U.S. The firm was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, who each have over 35 years of industry experience as lenders, investors, developers and owner operators.

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