MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, has closed $73.2 million in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio.

The $64,700,000 floating-rate senior bridge loan will be used by the sponsorship group, a repeat client of MonticelloAM, to recapitalize the existing debt on the portfolio, consisting of independent living, assisted living, and skilled nursing properties. The $8.5 million working capital facility will be used to cover the day-to-day operational needs of over 700 beds across the portfolio.

“The MonticelloAM bridge platform was built to meet the unique needs of our seniors housing and healthcare clients through our tailored financing solutions. We were pleased to work with a returning sponsorship group to refinance their portfolio, setting them up for future success,” said Joseph Borenstein, head of the MonticelloAM Healthcare Sales Desk.

Berkadia arranged the financing of two Jacksonville apartments. The refinancing, which amounted to $73 million for both multifamily properties, was on behalf of ROI Capital.

Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler all had a hand in securing the two loans.

Berkadia secured $19.9 million to refinance the 200-unit The Village at San Jose, which was built in 1948 and renovated in 2021 and 2023, and $53 million to refinance the 444-unit The Villas at Ortega, which was built in 1972.

Berkadia originated and Freddie Mac purchased the five-year, fixed-rate loans through its Green Advantage program. Both loans have a 35-year amortization schedule and are partially interest-only.

ROI Capital Group says it is a national multifamily owner-operator specializing in acquiring, developing, and managing multifamily properties. Its mission is to maximize returns for investors while providing exceptional living environments for residents.