MonticelloAM Closes $218.3M Financing Deal for Kentucky Skilled Nursing Portfolio
MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, has announced the closing of $218.3 million in financing for a portfolio of 18 skilled nursing facilities located across Kentucky.
The deal includes a $179.3 million senior bridge loan and a $29 million mezzanine loan. The sponsor plans to use the funds to restructure and increase the current debt on the portfolio.
“This financing highlights the strength of our lending platform—understanding our clients’ goals and delivering tailored solutions across the capital stack to support their long-term success,” said Alan Litt, Principal and Co-Founder of MonticelloAM.
Additionally, a $10 million working capital line of credit will be utilized to support the day-to-day operational needs of more than 1,500 skilled nursing beds across the state.
“Both MonticelloAM and the sponsorship understood the need for a working capital line of credit to manage the operational expenses of the 18-property portfolio,” added Kim Gordon, head of MonticelloAM’s Working Capital group.
The transaction underscores MonticelloAM’s commitment to providing flexible capital solutions within the healthcare real estate sector.
