MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $33,600,000 senior bridge loan for the acquisition of a skilled nursing facility in New Jersey.

The floating-rate loan has a 30-month initial term for the borrower group, a longstanding client of MONTICELLOAM, who will use the financing towards the purchase of a northeastern New Jersey facility totaling 180 licensed beds.

“We’re proud to strengthen our partnership with the borrower as they look to add to their extensive healthcare portfolio. We have great confidence in their ability to execute their business plan and look forward to empowering them through our tailored financing solutions,” said Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.