MONTICELLOAM, LLC and its affiliates (Monticello), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $50.0 million in first lien debt financing for the acquisition of six skilled nursing facilities totaling 868 beds in Arkansas. The transaction also includes a $2 million working capital loan to the operating companies of the properties provided by Monticello's asset-based lending group, Monticello Commercial Capital, LLC.
The transaction's sponsor is an experienced owner and operator with an existing track record in Arkansas.