MonticelloAM forms corporate fund
Clients MonticelloAM, LLC
Jones Day advised its NY-based client MonticelloAM, LLC in connection with the formation and offering of a corporate fund that will invest in “B” piece participations in commercial loans made to buyers and operators of nursing and other senior housing facilities throughout the United States, which will co-invest alongside other funds and REITs managed by MonticelloAM, LLC. The new fund will receive financing in the form of debt from an offshore fund. MonticelloAM, LLC originates and services loans to operators of nursing homes and senior/residential housing across the United States, with bundled loans ranging from $20 million to $100 million per borrower.