MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed $28,000,000 in bridge financing for two seniors housing properties in Wisconsin. Senior Managing Director Karina Davydov originated the transaction through the firm’s bridge lending platform.

“We value the trust our repeat clients place in us and are proud to support this group, reflecting our continued confidence in their vision and operational strength. This loan underscores our commitment to our borrowers in the seniors housing sector and our ability to deliver tailored capital solutions that meet their evolving needs,” said Ms. Davydov.

The $28,000,000 floating-rate senior bridge loan has a 24-month initial term with two extension options. The Sponsor, an experienced Midwest operator and repeat client of MONTICELLOAM, plans to use the loan proceeds to refinance the existing debt on two assisted living communities near Madison and Milwaukee, comprising 170 licensed beds.

“Our team witnessed this group’s operating expertise firsthand in the Midwest and we’re excited to partner with them again on this transaction to help them execute their business plan. Our familiarity with one another was valuable as we structured financing that aligned with their long-term goals,” added Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.