MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $70,000,000 senior bridge loan for eight skilled nursing facilities in Massachusetts and Rhode Island.

The $70,000,000 bridge debt carries a 24-month initial term and will be used by the Sponsor, a returning MONTICELLOAM client and established operator across the northeast United States, to refinance the existing debt on the skilled nursing portfolio, comprised of more than 700 licensed beds.  

“Our team delivered comprehensive financing solutions across the capital stack, successfully restructuring a pre-existing loan. This transaction highlights our deep expertise in healthcare financing, and we look forward to building on this success while continuing our strong relationship with the client,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending team.