MONTICELLOAM, LLC Finances $84MM For New York Skilled Nursing Facility
March 26, 2026
Source: MONTICELLOAM, LLC
MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, provided $84,000,000 in combined bridge and working capital financing to a skilled nursing facility in New York City.
The transaction includes a $79,000,000 bridge loan and a $5,000,000 working capital line of credit, with a 30-month initial term.
The Sponsor, a returning MONTICELLOAM healthcare client with a portfolio of over 20 healthcare properties, used loan proceeds to fund the acquisition of a skilled nursing facility with 280 licensed beds, expanding their existing footprint in the New York area.
“Closing this transaction highlights our dedication to supporting the skilled nursing sector with well structured capital solutions. We value the confidence of a returning borrower and are proud to support the continued growth of their skilled nursing portfolio,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending team.
“Our mission is to equip operators with reliable capital that keeps their facilities running smoothly while prioritizing resident care. Delivering practical working capital solutions continues to be a core part of how we help skilled nursing providers address essential needs,” said Kim Gordon, Head of the MONTICELLOAM Working Capital group.
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