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Monticello Provides $99MM in Mezzanine Debt for Acquisition of Skilled Nursing Facility Portfolio

January 05, 2021, 08:00 AM
Filed Under: Healthcare

MONTICELLOAM, LLC and its affiliates originated $99.00 million in Mezzanine debt financing in connection with a $368.00 million first lien mortgage as part of a larger transaction of $507.00 million for the acquisition of multiple skilled nursing facilities located in the Southeastern United States. The transaction’s sponsor is an experienced owner and operator of skilled nursing facilities throughout the United States.

Monticello offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, as well as working capital lines of credit. Monticello provides financing for healthcare facilities throughout the U.S. The firm was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, who each have over 35 years of industry experience as lenders, investors, developers and owner operators.

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