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NEW YORK CITY — New York City-based MonticelloAM has provided roughly $108.8 million in financing for a portfolio of skilled nursing facilities located in southern Florida.
The portfolio totals 500 beds across three properties. The undisclosed borrower plans to use the financing, which comprises a $105.5 million floating-rate senior bridge loan and $3.3 million working capital facility, to refinance existing debt and cover day-to-day operational needs.