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Meridian Capital Group Arranges $136 Million in Acquisition Financing for a Skilled Nursing Facility Portfolio in OH

Meridian Capital Group, America’s most active dealmaker, arranged $136 million in acquisition financing for a portfolio containing 10 skilled nursing facilities throughout OH.

The five-year loan was provided by a balance sheet lender, features six months of interest-only payments, and a 25-year amortization schedule. This transaction was negotiated by Meridian Managing Directors, Ari Adlerstein and Ari Dobkin, Vice President, Josh Simpson, and Associate, Corey Schwartz, who are all based in the company’s New York City headquarters.

The 10-facility portfolio contains 1,464 beds and offers both short-term recovery and rehabilitation services and long-term care, in addition to a memory care program that includes quarterly family nights in addition to a variety of daily activities and therapeutic recreation. The facilities have skilled and caring physical, occupational and speech therapists on staff to provide residents with the highest quality of care in an engaging, compassionate, and vibrant environment.

“This was both a complicated and a unique transaction that needed to close by year end,” said Mr. Dobkin. “Meridian worked with multiple lenders to streamline all moving pieces and ultimately closed the deal within 52 days of its inception.”

Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties.