To support the acquisition of two skilled nursing facilities, MONTICELLOAM, LLC (Monticello) announced that it provided $20.0 million in first lien debt financing. Also included in the financing was one unencumbered skilled nursing facility. The three properties total 251 beds and are located in Kansas and Ohio. They average nearly fifty years in age.
An experienced owner/operator with a current portfolio of nearly 1,200 licensed beds was the borrower, having worked with Monticello before, including securing financing for the acquisition of a number of facilities in 2020. Relationships have been key to getting acquisition debt this year, and it seems to be paying off for these two firms.
