NEW YORK CITY — Monticello Asset Management LLC, a New York-based investment advisor, has provided $9.5 million in financing to Omaha Property Holdings and AHMO LLC. The borrowers will use the money to purchase a 175-bed skilled nursing facility in Nebraska.
The community was built in 1975 and renovated most recently in 1997. The single-story, 56,492-square-foot building sits on a 3.4-acre plot. The specific name and location of the facility were not disclosed.
The bridge-to-HUD loan includes $750,000 for capital expenditures to make upgrades.