NEW YORK CITY â€” Monticello Asset Management LLC, a New York-based specialized private real estate and asset-based lender, has hired Jung Park as managing director.
Park will oversee the companyâ€™s expansion to the West Coast, managing the new Los Angeles office.
Park was managing director of Pacific Western Bankâ€™s Healthcare Finance Group (formerly known as CapitalSource), where he managed the national lending healthcare practice and helped originate and underwrite over $1 billion in healthcare loans. Prior to that role, he was a key member of CapitalSourceâ€™s healthcare team that acquired nearly 200 healthcare facilities. He was responsible for negotiating the purchase agreement and securing debt financing for many of the properties.
Parkâ€™s other experiences include working as a consultant for 10 years at three professional services firms. He provided bankruptcy and turnaround consulting services for debtors and creditors in various industries, including the skilled nursing and seniors housing sectors.
Park graduated with honors from the University of California, Los Angeles with a bachelorâ€™s degree in business economics. e also earned his designation as a Certified Insolvency & Restructuring Advisor (CIRA) through the Association of Insolvency and Restructuring Advisors (AIRA).