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MONTICELLOAM, LLC Closes $87.15M in Bridge Financing for Fresno Seniors Housing Communities
December 16, 2024
Source: MONTICELLOAM, LLC
MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, a specialized multifamily and seniors housing bridge lending platform, successfully closed an $87,150,000 bridge loan for 39 residential assisted living communities in Fresno, California.
Expanding their relationship with MonticelloAM, the borrower plans to use the bridge loan proceeds to refinance the existing debt on the properties with the intent to secure long-term financing.
“MonticelloAM’s deep knowledge of structuring seniors housing loans, paired with our commitment to our client’s goals, were the key drivers in this operator’s decision to partner with us on another transaction. We look forward to providing our seniors housing clients tailored solutions, positioning them for future success,” said Joseph Borenstein, head of the MonticelloAM Healthcare Sales Desk.
