MONTICELLOAM, LLC (Monticello) and its affiliates recently structured first lien debt for a portfolio of three senior care facilities in Wisconsin. The purpose of the debt was two-fold, with a portion going towards the acquisition of an assisted living/skilled nursing property and the remaining amount refinancing two skilled nursing facilities. The portfolio averages around 42 years in age and totals 305 beds and units.
Monticello provided $14.00 million in first lien debt, which came with a 10-year term. The buyer was an experienced owner and operator with a current portfolio of 4,969 licensed beds/units.
