New York, NY, May 5, 2020 – MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $15.50 million in first lien debt financing for the acquisition of one skilled nursing facility, acquisition of one skilled nursing / inpatient rehab facility and for the refinancing of two skilled nursing facilities totaling 282 beds in Kansas.
The transaction’s sponsor is an experienced owner and operator with a current portfolio of 945 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities during 2019 for the sponsor.
MONTICELLOAM offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, as well as working capital lines of credit. MONTICELLOAM 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.