New York, NY, August 25, 2020 – MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided a $2.00 million working capital loan to the operating companies of three skilled nursing and assisted living facilities totaling 305 beds/units in Wisconsin. The financing is provided by Monticello’s asset-based lending group, Monticello Commercial Capital, LLC.
The transaction’s sponsor is an experienced owner and operator with a current portfolio of 4,969 licensed beds/units.
Monticello offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, and working capital lines of credit. Monticello 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.