BlackRock Monticello Debt Real Estate Investment Trust: debt financing — BlackRock Monticello Debt REIT enters $150M credit facility; issues $27.55M in equity

BlackRock Monticello Debt Real Estate Investment Trust

Entered $150M credit agreement with Customers Bank; secured by healthcare commercial real estate loans; matures July 2030.
Advances bear interest at Term SOFR plus a margin; 0.25% fee on each draw; facility may be increased by mutual agreement.
Sold 1,999 Class F-I shares for $50,000 in retail offering on August 1, 2025 (unregistered, Rule 506).
Issued 1,099,622 Class F-I shares to Anchor Investors at $25.0086/share for $27.5M total; Anchor Investment commitment is at least $55M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BlackRock Monticello Debt Real Estate Investment Trust incurred credit facility of $150,000,000 with Customers Bank, as administrative agent at Term Secured Overnight Financing Rate for a one month period plus a margin maturing July 30, 2030.

Instrument: credit facility
Principal: $150,000,000
Counterparty: Customers Bank, as administrative agent
Rate: Term Secured Overnight Financing Rate for a one month period plus a margin
Maturity: July 30, 2030
Event: incurrence

Exact text from the filing

On July 30, 2025, BLKM III, LLC (the “Borrower”), an indirect subsidiary of BlackRock Monticello Debt Real Estate Investment Trust (the “Company”), entered into a credit agreement (as it may be amended from time to time, the “Credit Agreement”) with Customers Bank, as administrative agent (in such capacity, the “Administrative Agent”) and account bank, MonticelloAM Servicing, LLC, as servicer, and certain other lenders party thereto.

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Source: SEC EDGAR

accession 0001193125-25-173584

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