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NEW YORK CITY — An undisclosed borrower has received $84 million in financing for a skilled nursing facility located in New York City.
MonticelloAM provided the financing, which includes a $79 million bridge loan and a $5 million working capital line of credit, with an initial term of 30 months. Proceeds were used to acquire the facility, which totals 280 licensed beds.
The borrower’s portfolio includes more than 20 healthcare properties.