MONTICELLOAM, LLC and its affiliates (Monticello) closed yet another working capital loan. Typically, in the last couple of years, the firm has arranged the working capital on top of first lien debt financing too. But in this deal, Monticello did not place the senior loan.
Receiving the $2.0 million working capital financing were the operating companies of two skilled nursing facilities totaling 338 beds in Montana. The deal follows a couple of August deals closed by Monticello, including both a $14.0 million acquisition/refinance loan and another $2.0 million working capital loan for a portfolio of two skilled nursing facilities and a skilled nursing/assisted living facility in Wisconsin.
