INDIANA CLOSING ANNOUNCEMENT

• $17,000,000 Bridge-to-HUD loan
• Skilled Nursing Facility
• Indiana
• September 2023

September 29^th, 2023 – Monarch Advisors is pleased to announce the closing of a new loan to fund a partnership buyout for a 159-bed skilled nursing community in Indiana.  The borrowers, two of four original partners, engaged Monarch to source $17.0 million of senior debt for the transaction.  Monarch was successful at securing a bridge-to-HUD commitment from a national bank lender. The 2-year interest-only loan, priced at SOFR plus 2.85%, fully funded the repurchase of the membership interests of the exiting partners, with the remaining partners rolling over their equity. In addition to the repurchase, proceeds will be used to fund up to $1.3mm of capital expenditures plus closing costs.