NEW YORK, NY, January 8, 2026 – MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a bridge loan of $30,400,000 for an apartment complex in San Diego, California. The financing was originated by MONTICELLOAM Senior Managing Director Darryl Myrose.
“We are pleased to apply our multifamily lending expertise to deliver a financing solution that meets the unique needs of our client. Collaborating with experienced sponsors is how we grow our multifamily lending platform and drive results,” said Mr. Myrose.
The loan carries a 24-month initial term with two 12-month extensions and will be used by the sponsor to retire the existing debt and allow the 100+ unit California apartment community to complete its lease-up period.
“Our goal is to offer borrowers the speed and flexibility needed to successfully execute their multifamily projects,” said Eric Baum, Head of the MONTICELLOAM Multifamily Bridge Lending team. “We’re proud to work with a partner who shares our commitment to quality workforce housing and the sponsor group that has a track record of delivering high-quality communities by leveraging California’s affordable housing program.”
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.
To learn more visit www.monticelloam.com.