NEW YORK, NY, March 5, 2026 – MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a $52,000,000 bridge loan for an apartment complex in Orange City, Florida. The loan was originated by MONTICELLOAM Managing Director Chris Hetzel and arranged by Robert LaChapelle, Blake Cohen, and Reed McGarity of CBRE Atlanta.
“By leveraging our multifamily lending experience, we create tailored financing solutions that match our clients’ goals. Partnering with experienced sponsors allows us to grow our platform and deliver strong, positive results together,” said Mr. Hetzel.
The loan carries a 36-month initial term with two 12-month extensions, and will be used by repeat MONTICELLOAM client, Batson-Cook Development Company and Ventures Development Group to pay off the existing debt on the property.
“Along with our partners at Batson-Cook Development Company, the Southerly at Orange City reflects our continued commitment to providing exceptional living choices throughout the State of Florida, including this community located in one of the fastest-growing areas surrounding Orlando. We were pleased to work with Chris and his team at MONTICELLOAM in obtaining medium-term financing for the project,” said Rob McConnell, Principal of Ventures Development Group.
The Southerly at Orange City was built in 2024 and is a Class A multifamily property comprised of 298 units. Community amenities include a fitness room, resort-style pool, EV charging station, grill, clubroom/lounge with a kitchenette, dog park, business center, pickleball court and billiard room.
“With rates and capital markets still in flux, borrowers need financing solutions that can adapt,” said Eric Baum, Head of MONTICELLOAM’s Multifamily Bridge Lending team. “We’re focused on helping clients navigate current conditions and keep business plans on track.”
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.