On the back of a busy spring, MONTICELLOAM, LLC and its affiliates announced yet another first lien debt financing for a senior care client. This transaction featured a $20.2 million loan that refinanced two assisted living/memory care communities in Florida. The properties total 171 beds. Their owner (and the borrower) is an experienced owner/operator with a current portfolio of more than 1,300 licensed beds.
This deal follows a Memphis-area refinance of two skilled nursing facilities, both a working capital loan and first-lien debt financing for three skilled nursing facilities in North Carolina and Kentucky, and a refinance of a Kansas senior care portfolio in the last couple of months.
