FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Monticello Provides $15.5MM in Financing Skilled Nursing Facility Portfolio in Kansas

May 06, 2020, 08:59 AM
Filed Under: Nursing Facilities
Related: Monticello AM

MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $15.50 million in first lien debt financing for the acquisition of one skilled nursing facility, acquisition of one skilled nursing / inpatient rehab facility and for the refinancing of two skilled nursing facilities totaling 282 beds in Kansas.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 945 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities during 2019 for the sponsor.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.