MONTICELLOAM, a specialized seniors housing and multifamily bridge lending platform, announced the firm, along with firm affiliates, funded a three-facility skilled nursing portfolio, $47,150,000 in total bridge and working capital financing.  

 The financing includes a $44,900,000 bridge loan and $2,250,000 in working capital, supporting the sponsor who is a returning healthcare client. The loan is structured with an initial 24-month term and two optional six-month extension periods. The portfolio is comprised of over 300 licensed skilled nursing beds.  

 “This transaction reflects our continued commitment to supporting the skilled nursing sector and growing our relationship with a familiar sponsor. MONTICELLOAM’s flexible financing solutions enable our clients to meet their operational needs and to deliver quality care while navigating an evolving healthcare landscape.” said Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.

 “We approach every transaction with the goal of providing operators with the stability they need to deliver quality care. This financing gives them room to handle today’s challenges while staying ready for what’s ahead,” said Matthew Lark, Head of Healthcare Underwriting.