Monticello Provides $50M Acquisition Financing for 868-Bed Skilled Nursing Portfolio in Arkansas

ARKANSAS — Monticello has provided $50 million in first lien debt financing for the acquisition of six skilled nursing facilities totaling 868 beds in Arkansas.

The transaction also includes a $2 million working capital loan to the operating companies of the properties provided by Monticello’s asset-based lending group, Monticello Commercial Capital LLC.

The borrower is an owner-operator with previous experience in Arkansas. The names and locations of the properties were not disclosed.