MonticelloAM and its affiliates have delivered a $46 million financing package to support a skilled nursing portfolio located in Washington. The capitalization combines both acquisition and operational funding for the healthcare-focused assets, aligning bridge debt with working capital to back an established sponsor.
The portfolio comprises four stand-alone skilled nursing facilities along with a fifth property that includes both skilled nursing and independent living components. Collectively, the five communities represent more than 400 licensed beds, all of which are being acquired by the sponsor using the newly originated debt proceeds.
The capital stack is anchored by a $40 million bridge loan, paired with a $6 million working capital line of credit. The financing carries an initial term of 36 months, providing the sponsor with medium-term flexibility to operate the assets, implement its business plan and evaluate longer-term capital options when the facility performance and broader market conditions allow.
The sponsor is described as an existing healthcare client of MonticelloAM, with a broader portfolio of more than 80 healthcare properties across nine states. In this transaction, the sponsor is using the bridge loan proceeds to acquire the real estate underlying all five Washington communities, while the working capital facility is designed to support day-to-day operating needs at the properties.
MonticelloAM leadership emphasized the firm’s role in enabling expansion for experienced healthcare operators by providing structured financing solutions tailored to sector-specific requirements. The healthcare bridge lending team highlighted that execution certainty and deal structuring capabilities are central to scaling skilled nursing platforms, particularly when portfolios span multiple markets and property types.
On the operational side, MonticelloAM’s working capital team underscored that skilled nursing facilities require more than acquisition financing alone to remain stable and compliant. Access to reliable working capital was cited as a critical tool for maintaining continuous operations and supporting quality of care for residents, reinforcing the rationale for pairing a real estate-focused bridge loan with an operating line of credit in a single transaction.
Taken together, the transaction illustrates ongoing lender engagement in the skilled nursing segment, where operators often require integrated solutions that combine real estate financing and liquidity for operating expenses. For investors and lenders active in healthcare real estate, the deal provides another data point on how capital is being structured to back portfolio growth in a highly regulated, operations-intensive asset class.
