MONTICELLOAM announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities. The working capital facility has a three-year initial term and will cover the day-to-day operating expenses of over 2,900 skilled nursing beds across Kentucky and Tennessee. The transaction was closed on behalf of a returning client. This $22 million transaction contributed to a record year for the firm in 2024, with the highest volume of asset-based loan originations in the firm’s history.
Kentucky and Tennessee SNFs Secure Financing
