MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a senior bridge loan and working capital facility for three skilled nursing facilities in Florida, totaling $108,750,000.
The sponsorship group, a repeat client of MONTICELLOAM, plans to use the $105,500,000 floating-rate senior bridge loan to refinance the existing debt on the portfolio located across southern Florida.

“MONTICELLOAM is proud to provide long-term value to our healthcare clients by tailoring financing solutions that help them achieve their goals. This sponsorship has been exceptional in the operation of these buildings, and we’re thrilled to further strengthen our relationship with this transaction,” stated Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.

The $3,250,000 working capital facility will be used to cover the day-to-day operational needs of over 500 licensed beds across the three facilities.

“With our teams’ deep familiarity with one another, we’re able to understand and provide the capital flexibility necessary for our partner to manage the day-to-day operational needs of their skilled nursing facilities. We look forward to supporting the borrower’s vision as they continue down their path towards success,” added Kim Gordon, head of MONTICELLOAM’s Working Capital group.