MONTICELLOAM, LLC Provides $46.8 Million in Financing for a 407-Bed Skilled Nursing and Adult Day Care Facility Portfolio in New York

New York, NY, February 26, 2020 – MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $46.8 million in first lien debt financing for the refinance of one Skilled Nursing property and two Adult Day Care properties totaling 407 beds in New York. The transaction also includes a $3 million working capital loan to the Operating Company of the properties provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 4,570 licensed beds and has an established relationship with MONTICELLOAM, LLC. Prior to this deal, MONTICELLOAM, LLC financed the sponsor’s acquisition of a number of facilities over the last several years in multiple transactions.

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.

 

 

MONTICELLOAM, LLC Provides $12.43 Million in Financing for a 165-Bed Skilled Nursing Facility Portfolio in Tennessee and Kentucky

New York, NY, February 20, 2020 – MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $12.43 million in first lien debt financing for the acquisition of two skilled nursing properties totaling 165 beds in Tennessee and Kentucky. The transaction also includes a $1.5 million working capital loan to the operating companies of the properties provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 8,752 licensed beds and has an established relationship with MONTICELLOAM, LLC. Prior to this deal, MONTICELLOAM, LLC financed the acquisition of a number of facilities during 2018 and 2019 for the sponsor.

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.

 

MONTICELLOAM, LLC Provides $117 Million in Financing for a 1,357-Bed Skilled Nursing Facility Portfolio in North Carolina and Kentucky

New York, NY, February 18, 2020—MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $117 million in first lien debt financing for the acquisition of twelve skilled nursing properties and the refinance of one skilled nursing property totaling 1,357 beds in North Carolina and Kentucky. The transaction also includes a $10 million working capital loan to the operating companies of the properties provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 8,752 licensed beds and has an established relationship with MONTICELLOAM, LLC. Prior to this deal, MONTICELLOAM, LLC financed the acquisition of a number of facilities during 2018 and 2019 for the sponsor.

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.

MONTICELLOAM, LLC Provides $38 Million in Financing for a Mixed-Use Rental Model Retirement Community in New Jersey

New York, NY, February 13, 2020 – MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $38 million in first lien debt financing for the acquisition of one mixed-use rental model retirement community in New Jersey consisting of 226 Independent Living Units, 113 Assisted Living / Memory Care Facility Beds, and 60 Skilled Nursing Facility Beds. The transaction also includes a $1 million working capital loan to the operating company of the property provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator of various models of senior living communities. Following this transaction, the sponsor’s portfolio consists of 704 beds/units.

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.

MONTICELLOAM, LLC Provides $32 Million in Financing for a 177-Bed Skilled Nursing Facility in Maryland

New York, NY, February 10, 2020—MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $32 million in first lien debt financing for the refinance of one skilled nursing property totaling 177 beds in Maryland. The transaction also includes a $2 million working capital loan to the operating company of the property provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 1,332 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.

MONTICELLOAM, LLC Provides $15.8 Million in Financing for a 126-Unit Assisted Living / Memory Care Facility Portfolio in Tennessee

New York, NY, February 6, 2020—MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $15.8 million in first lien debt financing for the acquisition and renovation of three Assisted Living / Memory Care facilities consisting of 126 units in Tennessee.

The transaction’s sponsor is an experienced owner and operator of seniors housing communities. Inclusive of recent transactions, the sponsor has a current portfolio of 1,116 units.

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.

MONTICELLOAM, LLC Provides $16.68 Million in Financing for a 303-Bed Skilled Nursing Facility Portfolio in Tennessee

New York, NY, February 3, 2020 – MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $16.68 million in first lien debt financing for the refinance of two skilled nursing properties totaling 303 beds in Tennessee. The transaction also includes a $3 million working capital loan to the operating companies of the properties provided by MONTICELLOAM, LLC’s asset-based lending group, Monticello Commercial Capital, LLC.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 4,637 licensed beds and has an established relationship with Monticello. Prior to this deal, MONTICELLOAM, LLC financed the sponsor’s acquisition of a number of facilities over the last several years in multiple transactions.

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.