|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
MONTICELLOAM Closes $59.25MM in Bridge and Working Capital Financing for Skilled Nursing Facilities
Thursday, October 10, 2024
|
Lenders/Participants
|
MONTICELLOAM, LLC [Lender]
|
|
Structure
|
Bridge and Working Capital Facilities
|
|
Amount
|
$59.250
Million
|
|
Borrower(s)
|
Undisclosed - Portfolio of Skilled Nursing Facilities
|
|
Description
|
$59,250,000 in bridge and working capital financing for a portfolio of skilled nursing facilities in Illinois. Proceeds from the $52,250,000 bridge loan were used for the acquisition of three skilled nursing facilities. The $7,000,000 working capital revolver will be used to support the day-to-day operations across the properties, covering over 700 licensed beds.
|
|
Industry
|
Skilled Nursing
|
|
Location
|
IL
|
| Related Tags |
Commercial Real Estate, MONTICELLOAM, SKilled Nursing Facilities
|
ABL Advisor
Deal Tables
2024
|
|
|
|