Monticello’s $97.2M Skilled Nursing Portfolio Deal; Dwight Capital’s $14M Refinance

MONTICELLOAM, LLC provided $97.2 million in first-lien debt financing for the acquisition of an five-building skilled nursing portfolio in Virginia, the New York City-based lender announced this week.

With the deal, the unnamed buyer — an owner-operator — added 856 beds to its existing portfolio of more than 1,100 skilled nursing beds.

MONTICELLOAM’s asset-based lending group, Monticello Commercial Capital, additionally provided an $8 million working capital loan for the portfolio’s operating companies.


Dwight Capital Finalizes $14M Refinance

Dwight Capital backed the $14 million refinance of Victoria Falls, a 164-bed skilled nursing and assisted living campus in Andover, Kan., through the Department of Housing and Urban Development’s (HUD) 232/233 program.

The assisted living and skilled nursing buildings — constructed in 2004 and 2010, respectively — sit on 7.2 acres, with a total of 106,660 square feet of living and care space.

Clint Miller, vice president of health care finance at the New York City-based Dwight Capital, originated the deal.


Newmark Knight Frank’s 868-Bed Sale in Arkansas

Real estate services firm Newmark Knight Frank earlier this month announced the sale of six skilled nursing facilities in Arkansas on behalf of CNL Healthcare Properties, Inc., a non-traded real estate investment trust (REIT) based in Orlando, Fla.

With an average physical-plant age of 30 years and average occupancy of about 80%, the portfolio consists of buildings in Batesville, Jonesboro, Magnolia, Nashville, Searcy, and West Memphis, Ark.

The unnamed buyer, a private health care firm with other properties in Arkansas, added 868 beds to its portfolio.

David Fasano and Ross Sanders of Newmark Knight Frank’s seniors housing investment sales team handled the transaction for the Dallas-based company.

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