Monticelloam Provides $68 Million Refinance Loan For Skilled Nursing Portfolio In Illinois

The transaction involves a nursing home asset located in Northfield, Illinois. The property consists of a three-facility skilled nursing portfolio with a total of 746 licensed beds. The loan amount for this refinancing is $68,000,000, provided by Monticelloam, a specialized seniors housing and multifamily bridge lending platform.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $68,000,000
• Lender: Karina Davydov - Monticelloam
• Loan Type: Refinance
• Market: Northfield
• Number of Facilities: 3
• Licensed Beds: 746

This financing was originated by Karina Davydov, who serves as Senior Managing Director at Monticelloam. The loan proceeds will assist a returning client, an operator with extensive healthcare experience, to refinance the existing debt on their skilled nursing portfolio. Joseph Borenstein, Head of the Monticelloam Healthcare Bridge Lending team, noted the importance of their commitment to healthcare operators and their role as a capital partner regardless of market conditions.