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PERTH AMBOY, N.J. — Investment advisor Monticello Asset Management LLC has originated $28.5 million in financing for The Alameda Center for Rehabilitation and Healthcare, a skilled nursing facility in the New York City suburb of Perth Amboy.
The bridge-to-HUD loan provided capital for acquisition of the property by a seniors housing owner-operator.
The property consists of an 82,205-square-foot, six-story structure containing the healthcare facility and a detached, 3,400-square-foot, one-story retail building. The facility contains 130 resident rooms and is licensed for 250 skilled nursing beds.