Monticello’s Role in $70M Skilled Nursing Portfolio Refinance; $56M for IL SNF Portfolio

New York City-based health care lender and asset manager MONTICELLOAM, LLC announced that it provided a $70 million, five-year loan to refinance a seven skilled nursing facility portfolio. That portfolio consists of 953 beds throughout Arkansas. The sponsors of the transaction have a total portfolio of approximately 1,200 beds in Arkansas and have a proven […]

Trump Plan to End DACA Likely Won’t Help Skilled Nursing Labor Shortage

President Donald Trump’s plan to end the Deferred Action for Childhood Arrivals (DACA) immigration program may trim the number of workers available to the skilled nursing industry and worsen the industry’s ongoing labor difficulties. U.S. Attorney General Jeff Sessions announced on September 5 that the administration will end the Obama-era program that protects about 800,000 adults—usually […]