Monticello Asset Management, LLC, a specialized private real estate and asset-based lender, servicer and manager providing innovative capital solutions, announced that Jung S. Park has been appointed as a new Managing Director. Mr. Park will help oversee Monticello’s expansion to the West Coast and manage the newly formed Los Angeles office.

“On behalf of Monticello, I am excited to welcome Jung to the team,” said Alan Litt, Co-Founding Partner of Monticello. “Jung brings years of origination and underwriting experience in the healthcare space. With Jung’s expertise, Monticello will continue to position itself as a relationship lending partner of first choice to provide a variety of capital solutions to borrowers on the West Coast and across the United States.”

Monticello offers borrowers floating and fixed rate debt up to 10 years, bridge debt and asset based revolving credit facilities for healthcare facilities across the country.

"I am excited to join Monticello as it continues to expand its lending offerings,” said Mr. Park. “The firm has a strong history of providing customized capital solutions for its clients and I look forward to continuing to build on its innovative lending platform. The flexible options and speed of execution that Monticello can provide borrowers is a real competitive advantage and I am excited to work closely with the Monticello team to grow our client and partner base.”