MONTICELLOAM, LLC Finances $144MM For Six Washington Skilled Nursing Facilities

MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, provided $144,000,000 in combined bridge and working capital financing to a six-community skilled nursing portfolio in Washington.

The transaction includes a $140,000,000 bridge loan and a $4,000,000 working capital line of credit, with a 36-month initial term.

The Sponsor is a returning MONTICELLOAM healthcare client with a regional west coast footprint that includes over fifteen communities. The bridge loan was used for the acquisition of the six skilled nursing facilities, comprising over 720 licensed beds. A week earlier, affiliates of MONTICELLOAM closed an investment for $46MM with the same Sponsor.

“Transactions like this one speak to the strength of the relationships we’ve built in the skilled nursing space. We understand what operators need to execute efficiently, and we take responsibility to show up as a consistent and capable lending partner,” said Joseph Borenstein, head of the MONTICELLOAM Healthcare Bridge Lending team.

“Access to working capital can be a key driver of operational stability and long-term growth. Structuring this line of credit to fit the specific demands of an expanding portfolio demonstrates our robust lending capabilities,” said Kim Gordon, Head of the MONTICELLOAM Working Capital group.