MONTICELLOAM closed a $400 million bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.
“We are proud to serve as a joint lead arranger on this transaction,” Kevin Kornowa, managing director of corporate healthcare banking for Huntington National Bank, said. “This deal reflects our continued commitment to supporting the skilled nursing sector and collaborating with clients to help them reach their goals.”
“This transaction highlights MonticelloAM’s ability to creatively structure large-scale bridge financing for a leading sponsor, supporting the refinance of a significant Southeastern skilled nursing portfolio,” Joseph Borenstein, head of the MonticelloAM healthcare sales desk, said. “Our team takes pride in the commitment we make to our healthcare clients by facilitating financing solutions to help them achieve their long-term goals.”
