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.