Monticello Provides $42.1M Financing for Skilled Nursing Facility Acquisition in Virginia

VIRGINIA — Monticello has provided $42.1 million in financing for the acquisition of a skilled nursing facility located in Virginia.

The transaction also includes a $3.5 million working capital loan to the operating companies of the properties provided by Monticello’s asset-based lending group, Monticello Commercial Capital LLC.

The buyer is an experienced owner and operator. Further details on the property, loan and acquisition were not disclosed.