MONTICELLOAM, a specialized seniors housing and multifamily bridge lending platform, announced the firm, along with firm affiliates, funded $470,500,000 in total bridge and working capital financing for a sixteen-facility skilled nursing portfolio. 
 
The sponsor group, a returning MONTICELLOAM client who owns and operates over 200 skilled nursing facilities across the country, used the $455,500,000 bridge financing to refinance existing debt on sixteen skilled nursing facilities across Virginia. 
 
In addition, MONTICELLOAM arranged a $15,000,000 working capital line of credit for the borrower to manage the daily operational needs of over 2,000 licensed beds. 
 
“Closing this transaction marks a massive milestone for MONTICELLOAM, as it’s one of the largest financings we’ve ever completed,” said Alan Litt, MONTICELLOAM Principal. “It reflects our continued commitment to providing financing to support the ever-evolving healthcare sector. I’m incredibly proud of how our team came together to understand and structure financing that met our client’s needs.” 
 
“The closing underscores our ability to serve as a capital partner through market cycles and helping operators maintain stability and continue to provide high-quality care to their residents,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending team.