New York, NY, December 16, 2020 – MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $20.00 million in first lien debt financing for the acquisition of two skilled nursing facilities and the contribution of one unencumbered skilled nursing facility located in Kansas and Ohio.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 1,188 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities in 2020 for the sponsor.

About Monticello

Monticello offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, as well as working capital lines of credit. Monticello provides financing for healthcare facilities and commercial real estate throughout 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.