MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced closing $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky.

The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the portfolio. “This financing highlights the strength of our lending platform—understanding our clients’ goals and delivering tailored solutions across the capital stack to support their long-term success,” said Alan Litt, Principal and Co-Founder of MONTICELLOAM.

The $10,000,000 working capital line of credit will be used to cover the day-to-day operational needs of over 1,500 skilled nursing beds across the state. “Both MONTICELLOAM and the sponsorship understood the need for a working capital line of credit to manage the operational expenses of the 18-property portfolio,” added Kim Gordon, head of MONTICELLOAM’s Working Capital group.