MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $19,750,000 senior bridge loan for the acquisition of an assisted living and memory care property in central California. The financing was originated by MONTICELLOAM Senior Managing Director, Originations, Karina Davydov.

Davydov remarks, “The team’s commitment to understanding our client’s needs allowed us to deliver a customized financing solution that helped the borrower execute their business plan. We’re grateful for the trust our client placed in us to support the successful completion of this transaction.” 

The $19,750,000 bridge debt carries a 24-month initial term and will be used by the Sponsor, an established real estate operator, to acquire the 141-unit senior living community.  

“We’re thrilled to be able structure financing that will support their long-term plan, marking the beginning of a promising partnership that we are looking forward to growing,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending Team.