March 27, 2023 (original publish date*) – MONTICELLOAM, LLC and its affiliates (f/k/a Greystone Monticello LLC), a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the senior housing, healthcare and multifamily sectors, announced the closing of $201.3 million in total capital financing for a portfolio of New Jersey-based skilled nursing facilities. The financing comprised a $191.3 million healthcare bridge loan and a $10 million working capital facility on behalf of Peace Capital.
This bridge financing continues MonticelloAM’s commitment to providing debt and liquidity to the healthcare and multifamily markets during a time of volatility. The speed with which the team completed the transaction – in just 35 days – underscores the expertise required to successfully structure and close a deal of this size in today’s market.
“We understand the pain points borrowers are facing with the need for ‘gap financing’ to complete the capital stack at the closing table, and we are providing solutions for these needs,” said Alan Litt, President, MonticelloAM. “Our work together as MonticelloAM combines the strengths of our capital relationships and lending expertise to better serve our clients,” Litt added.
About MONTICELLOAM, LLC
MONTICELLOAM, LLC and its affiliates (collectively, “MonticelloAM”) is a specialized multifamily and seniors housing lending platform with expertise in providing 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.
*This article was originally published on March 27, 2023, when this transaction was completed by a joint-venture partnership between MonticelloAM and a third-party entity. The joint-venture partnership ended effective October 1, 2024.