NEW YORK CITY — Monticello, a New York-based lender, has arranged a total of $467 million in financing for the acquisition of a skilled nursing portfolio in the Southeast.
The financing package from Monticello included $368 million in first-lien debt and $99 million in mezzanine debt. Lastly, Monticello provided a $40 million working capital loan, resulting in a total financing for the acquisition of $507 million.
The borrower is an experienced skilled nursing owner-operator. Details on the properties and seller were not disclosed.