MONTICELLOAM, LLC and its affiliates (Monticello), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $15.8 million in first lien debt financing for the acquisition and renovation of three Assisted Living/Memory Care facilities consisting of 126 units in Tennessee.
The transaction’s sponsor is an experienced owner and operator of seniors housing communities. Inclusive of recent transactions, the sponsor has a current portfolio of 1,116 units.