Monticello Asset Management Facilitates $28.5M Mortgage Financing for Skilled Nursing Facility in New Jersey

PERTH AMBOY, N.J. — Investment advisor Monticello Asset Management LLC has originated $28.5 million in financing for The Alameda Center for Rehabilitation and Healthcare, a skilled nursing facility in the New York City suburb of Perth Amboy.

The bridge-to-HUD loan provided capital for acquisition of the property by a seniors housing owner-operator.

The property consists of an 82,205-square-foot, six-story structure containing the healthcare facility and a detached, 3,400-square-foot, one-story retail building. The facility contains 130 resident rooms and is licensed for 250 skilled nursing beds.