MONTICELLOAM, LLC Arranges $115M Bridge Financing for Long Island Seniors Housing Communities
Joseph Borenstein, head of the MonticelloAM Healthcare Sales Desk
NEW YORK, NY, UNITED STATES, February 13, 2025 /EINPresswire.com/ -- MONTICELLOAM, LLC1 (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $115,000,000 senior bridge loan for a portfolio of assisted living and memory care communities in Long Island, New York.
A repeat MonticelloAM client, the sponsorship group plans to utilize proceeds from the $115 million financing to acquire the communities and plans to improve operations by expanding the services offered across 1,000 licensed beds.
The transaction carries a 36-month initial term with two six-month extension options.
“This unique transaction highlights the strength of MonticelloAM’s bridge platform in structuring financing solutions for our seniors housing clients. We are grateful for the opportunity to support a valued client in achieving their long-term success,” said Joseph Borenstein2, head of the MonticelloAM Healthcare Sales Desk.
Anthony Sorrentino
MONTICELLOAM, LLC
asorrentino@monticelloam.com
1 http://monticelloam.com/
2 https://monticelloam.com/team/joseph-borenstein/
