MonticelloAM closed a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities. The working capital facility has a three-year initial term and will cover the day-to-day operating expenses of over 2,900 skilled nursing beds across Kentucky and Tennessee.
“We are thrilled to provide this financing solution to a returning client and exceptional sponsorship group,” Kim Gordon, head of the MonticelloAM working capital group, said. “This $22 million transaction contributed to a record year for the firm in 2024, with the highest volume of asset-based loan originations in our firm’s history. We look forward to continuing to deliver the exceptional service our clients have come to expect throughout 2025.”
