Kim Gordon & Joseph Borenstein Provide $87M Loan For Florida Skilled Nursing Facilities Portfolio

The transaction involves a skilled nursing portfolio located in Florida, encompassing four skilled nursing facilities with a total of 450 beds. The loan amount for this portfolio is $87,000,000. The loan is structured with a 24-month term and includes provisions for two six-month extensions.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $87,000,000
• Lender: Kim Gordon & Joseph Borenstein - MonticelloAM
• Loan Terms: 24-month term & two six-month extensions
• Includes: $7 million revolver for operational expenses
• Market: Florida

Kim Gordon and Joseph Borenstein represent MonticelloAM in this financing transaction, which is aimed at refinancing existing debt for the skilled nursing facilities in the portfolio. This strategic move further supports operational stability and liquidity for the assets involved.