New York, NY, July 15, 2025 – MONTICELLOAM, LLC (“MONTICELLOAM”) announced the closing of $218,300,000 in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky.
The transaction includes a $179,300,000 senior bridge loan and a $29,000,000 mezzanine loan, which the Sponsor plans to use to restructure and upsize the existing debt on the portfolio, originally financed by MONTICELLOAM in May 2024.
The $10,000,000 working capital line of credit will be used to cover the day-to-day operational needs of over 1,500 skilled nursing beds across the state.
“This financing highlights the strength of our lending platform—understanding our clients’ goals and delivering tailored solutions across the capital stack to support their long-term success,” said Alan Litt, Principal and Co-Founder of MONTICELLOAM.
“Both MONTICELLOAM and the sponsorship understood the need for a working capital line of credit to manage the operational expenses of the 18-property portfolio. We look forward to continuing to provide the support necessary for them to execute their business plan,” added Kim Gordon, head of MONTICELLOAM’s Working Capital group.
About MONTICELLOAM, LLC
MONTICELLOAM, LLC (“MONTICELLOAM”) is a specialized multifamily and seniors housing lending platform with expertise in executing bridge loans and managing credit risk. MONTICELLOAM offers bridge, working capital and permanent financing options to properties across 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.