The team at MONTICELLOAM, LLC (Monticello) followed up its refinance of a skilled nursing portfolio in Wisconsin with a working capital loan for the facilities’ operating companies. The original 10-year, first lien debt totaled $14.0 million and not only supported the refinance of two facilities but also the acquisition of the third skilled nursing/assisted living facility. Averaging around 42 years in age, the portfolio totals 305 beds and units.
Now, on behalf of the experienced owner/operator borrower, Monticello structured a $2.0 million working capital loan.
