MONTICELLOAM, a specialized seniors housing and multifamily bridge lending platform, announced the firm, along with firm affiliates, funded $48,100,000 in combine bridge and working capital financing for a three-facility skilled nursing portfolio in North Carolina. 

The transaction includes a $45,600,000 bridge loan and a $2,500,000 working capital line of credit. The borrower, a returning MONTICELLOAM client, will use loan proceeds to refinance a 300+ bed skilled nursing portfolio. 

“Our goal is to help providers deliver high-quality care while adapting to a shifting healthcare landscape,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending team. “Through our financing solutions, we’re able to support long-term growth and strengthen partnerships with experienced operators in the skilled nursing space.” 

“We focus on giving operators the resources they need to deliver strong care. With the $2MM working capital line of credit, we demonstrate our commitment to customized financing solutions that support day-to-day operations, staffing, and service quality.” said Kim Gordon, Head of the MONTICELLOAM Working Capital group.