MonticelloAM, along with a firm affiliate, closed $28 million in bridge financing for two seniors housing properties in Wisconsin.
Senior Managing Director Karina Davydov originated the transaction through the firm’s bridge lending platform. “We value the trust our repeat clients place in us and are proud to support this group, reflecting our continued confidence in their vision and operational strength,” said Davydov. “This loan underscores our commitment to our borrowers in the seniors housing sector and our ability to deliver tailored capital solutions that meet their evolving needs.”
The $28 million floating-rate senior bridge loan has a 24-month initial term with two extension options. The Sponsor, an experienced Midwest operator and repeat client of MonticelloAM, plans to use the loan proceeds to refinance the existing debt on two assisted living communities near Madison and Milwaukee, comprising 170 licensed beds.
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