Monticello Provides $40M Acquisition Financing for Skilled Nursing Portfolio in Ohio

OHIO — Monticello Asset Management LLC has provided a total of $40 million in financing to Maui Sunset LLC, which will use the funds to purchase a portfolio of skilled nursing facilities in Ohio.

The financing is structured as $36 million in first lien debt financing, as well as a $4 million working capital loan.

The skilled nursing portfolio comprises 724 beds, 46 of which are specialized for memory care. The properties average 3.7 acres and 70,000 square feet. The specific names and locations of the properties were not disclosed.