MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $217,000,000 floating-rate senior bridge loan to be used for the acquisition and refinance of a New York skilled nursing portfolio.
  
The financing carries a 36-month term and supports the Sponsor, a returning healthcare client of MONTICELLOAM, in acquiring two skilled nursing facilities and refinancing two stabilized facilities. Together, the four properties comprise over 1,000 licensed beds across the New York metropolitan area.
  
“We built the MONTICELLOAM bridge platform to meet the unique needs of our healthcare clients through our tailored financing solutions. We’re grateful for the borrower’s confidence in our expertise to help them achieve their goals,” said Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.