MONTICELLOAM announced the financing of a senior bridge loan and working capital facility for three skilled nursing facilities in southern Florida, totaling $108.75 million. The sponsorship group, a repeat client of MONTICELLOAM, intends to use the $105.5 million floating-rate senior bridge loan to refinance the existing debt on the portfolio. The $3.25 million working capital facility will be used to cover the day-to-day operational needs of over 500 licensed beds across the three facilities.
Florida Portfolio Locks in Refinancing
