Financing announced for New Jersey SNF

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Monticello Asset Management has originated $28.5 million in financing for The Alameda Center for Rehabilitation and Healthcare in Perth Amboy, NJ. The skilled nursing facility is six stories tall and is a detached retail building. It is licensed for 250 skilled nursing beds.

The bridge-to-HUD loan allowed capital for the acquisition of the property by a senior housing owner-operator, the company said.