Garden State Acquisition Gets Financing From Monticello

A large skilled nursing portfolio in New Jersey sold thanks to financing provided by two of Monticello Asset Management’s investment vehicles. The $69 million bridge financing is comprised of $65 million in first lien debt and a $4 million working capital loan, which the borrower expects to refinance with HUD. A New Jersey-based operator was […]

Monticello Offers Its Services In The Volunteer State

With $10.38 million in financing secured by two of Monticello Asset Management’s investment vehicles, an experienced borrower acquired a 139-bed skilled nursing facility in Tennessee. The target consists of a 50-bed short-term rehabilitation unit in addition to an 81-bed long-term care unit on approximately 10.43 acres. Ancillary services like physical, occupational and speech therapy are […]

Monticello Gets A “W” In New York

One of Monticello Asset Management’s investment vehicles provided $31.21 million in first lien debt for The W Group to fund the acquisition of a 200-bed assisted living community in Staten Island, New York. Built on a 0.81-acre property in 1974, with an additional fifth floor built in 1999, the community consists of 116 beds licensed […]

skilled nursing, wheel chair, money
skilled nursing, wheel chair, money

Monticello Finances Skilled Nursing and Adult Day Care Acquisition

An experienced skilled nursing owner, whose principals have over 40 years of experience in the health care industry, obtained financing to acquire a skilled nursing facility and two adult day care facilities in New York. One of Monticello Asset Management’s investment vehicles originated $45.3 million in first lien debt financing for Nesconset Property NY LLC […]

Monticello In Music City

One of Monticello Asset Management’s investment vehicles originated $16.48 million in first lien debt to finance the acquisition of a 119-bed skilled nursing facility in Nashville, Tennessee, with the experienced owner/operator buyer looking to refinance through HUD in the coming years. Built in 1970 and completely renovated and expanded in 2013, this facility has a […]

Monticello Asset Management Assists New York SNF With Bridge Financing

One of New York City-based Monticello Asset Management‘s investment vehicles originated $8.03 million in first lien debt on behalf of the new owner of a 140-bed skilled nursing facility in New York. Leroy Operating, LLC (the borrower) used the funds to purchase the 40-year old facility, which currently has a five-star rating from CMS. In addition to […]

Monticello Finances Massachusetts Portfolio Deal

Monticello Asset Management successfully originated nearly $70 million in bridge-to-HUD financing to facilitate the purchase of a four-property skilled nursing portfolio in Massachusetts. Consisting of 616 total beds (100 of which are for assisted living), the four facilities each average about 70,000 square feet and have an average age over 20 years old. The buying […]