MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, funded a two-facility skilled nursing portfolio in South Carolina with $21,800,000 in combined bridge and working capital financing.
The transaction includes a $19,300,000 bridge loan and $2,500,000 in working capital, with a 24-month term. The loan proceeds will be used by the returning MONTICELLOAM borrower to facilitate the acquisition of two skilled nursing facilities in South Carolina, accounting for over 260 licensed beds.
“Our team takes pride in structuring customized capital solutions that support healthcare providers through evolving challenges. It’s rewarding to help an experienced client add to their skilled nursing portfolio,” said Joseph Borenstein, Head of the MONTICELLOAM Healthcare Bridge Lending team.
“This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities. This flexibility enables skilled nursing operators to focus on delivering quality care for their residents,” added Kim Gordon, Head of the MONTICELLOAM Working Capital group.
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