Updated Apr 21, 2026
MonticelloAM Provides $46 Million Financing For Nursing Home Portfolio Acquisition In Mount Vernon, WA
301 South Laventure Road
$46,000,000
Building Size
—
Asset Type
Nursing Home
Closing
Apr 20, 2026
About this deal
AI
The asset involved in this transaction is a nursing home portfolio located in Mount Vernon, WA. The portfolio encompasses five properties, signifying a significant acquisition within the nursing home sector.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $46,000,000
- Lender: Kim Gordon - Monticelloam
- Loan Type: Acquisition
- Note: MonticelloAM provided $46 million in financing to acquire a five-property skilled nursing portfolio in Washington, including a $40 million bridge loan and $6 million working capital line with a 36-month term.
Key individuals involved in the transaction include Kim Gordon, representing Monticelloam as the lender providing financial support for the acquisition of the nursing home portfolio.
On the Map
$46,000,000
Nursing Home
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Players
Mount Vernon Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93