New York, NY, March 4, 2025 – MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $25,000,000 mezzanine loan for a skilled nursing facility in Staten Island, New York.
The sponsorship group, a longstanding MONTICELLOAM client, brings extensive operating experience with a portfolio spanning the East Coast. The loan proceeds will be used to recapitalize the existing equity in the 300-bed facility.
“It’s always rewarding to support a repeat healthcare client with another successful financing,” said Joseph Borenstein, head of the MONTICELLOAM Healthcare Sales Desk. “Their continued trust in our platform speaks volumes about our ability to structure creative solutions that align with their business goals.”
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.