MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working capital for 16 skilled nursing facilities in Virginia. The sponsor owns/operates more than 200 SNFs across the country, and used the $455.5 million bridge financing to refinance existing debt on the Virginia assets. In addition, MONTICELLOAM arranged a $15.0 million working capital line of credit for the borrower to manage the daily operational needs of over 2,000 licensed beds.
In another notable transaction, the firm closed $218.3 million in bridge, mezzanine and working capital financing for 18 skilled nursing facilities in Kentucky. The transaction included a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the portfolio, originally financed by MONTICELLOAM in May 2024. The $10 million working capital line of credit will be used to cover the day-to-day operational needs of over 1,500 skilled nursing beds across the state.
Additionally, MONTICELLO funded a $217 million floating-rate senior bridge loan for a skilled nursing portfolio. The financing carries a 36-month term and supports the sponsor, a repeat client. The loan will be used to acquire and refinance this portfolio, which comprises four facilities in New York. The sponsor is acquiring two of the assets and financing the other two, which are stabilized. Together, the four facilities total more than 1,000 beds.
