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Monticello Provides $20MM Financing for 251-Bed Skilled Nursing Portfolio in Kansas and Ohio

December 17, 2020, 08:00 AM
Filed Under: Nursing Facilities
Related: MONTICELLOAM

MONTICELLOAM, LLCand its affiliates provided $20.00 million in first lien debt financing for the acquisition of two skilled nursing facilities and the contribution of one unencumbered skilled nursing facility located in Kansas and Ohio.

The transaction’s sponsor is an experienced owner and operator with a current portfolio of 1,188 licensed beds and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities in 2020 for the sponsor.

 







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