Monticello Provides $32M Refinancing for Skilled Nursing Facility in Maryland

MARYLAND — Monticello has provided $32 million in first lien debt financing for the refinance of a 177-bed skilled nursing property in Maryland.

Monticello’s asset-based lending group, Monticello Commercial Capital, also added a $2 million working capital loan to the operating company.

The borrower is an owner and operator with a current portfolio of 1,332 licensed beds. The name and location of the property were not disclosed.