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Monticello Provides $1.25MM in Working Capital Financing for a 181-Bed Skilled Nursing Facility

October 23, 2020, 08:00 AM
Filed Under: Real Estate

MONTICELLOAM, LLC and its affiliates has provided a $1.25 million working capital loan to the operating company of one skilled nursing facility totaling 181 beds in Pennsylvania. The financing is provided by Monticello’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 3,566 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of several facilities throughout 2017-2019 for the sponsor.

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