New York, NY, January 9, 2025 – MONTICELLOAM, LLC (“MonticelloAM”) has announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities.
The working capital facility has a three-year initial term and will cover the day-to-day operating expenses of over 2,900 skilled nursing beds across Kentucky and Tennessee.
“We are thrilled to provide this financing solution to a returning client and exceptional sponsorship group. This $22 million transaction contributed to a record year for the firm in 2024, with the highest volume of asset-based loan originations in our firm’s history. We look forward to continuing to deliver the exceptional service our clients have come to expect throughout 2025,” said Kim Gordon, head of the MonticelloAM 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.