New York, NY, January 28, 2020—MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has recently provided $13.5 million in first lien debt financing for the acquisition of one skilled nursing property totaling 120 beds in Virginia.
The transaction’s sponsor is an experienced owner and operator and currently operates 26 facilities in five states. The sponsor is experienced in the state of Virginia as they currently operate seven facilities comprising of 915 licensed beds.
About MONTICELLOAM, LLC
MONTICELLOAM, LLC offers floating rate bridge loans, 5, 7 and 10-year fixed-rate loans, as well as working capital lines of credit. MONTICELLOAM, LLC provides financing for healthcare facilities and commercial real estate 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.