Meridian Capital Group, America’s most active dealmaker, arranged $16 million in acquisition financing for a continuing care retirement community in Danville, PA.
The 36-month loan, provided by a balance sheet lender, features 18 months of interest-only payments, and a 30-year amortization schedule. This transaction was negotiated by Meridian Managing Directors, Ari Adlerstein and Ari Dobkin, Vice President, Josh Simpson, Associate, Corey Schwartz and Zach Lederman, who are all based in the company’s New York City headquarters.
The 172-bed facility offers skilled nursing care, rehabilitation services, long term care, short term stays, and hospice care, in addition to amenities including resident lounges and a family area equipped with a kitchen, comfortable furnishings, and a flat-screen television. The property also features an auditorium where residents can enjoy special events and activities, a beauty salon, and pleasant exterior spaces including a gazebo and picnic pavilion.
Situated along the beautiful Susquehanna River, Danville is rich in history and charm. The property is conveniently located near several restaurants and medical centers and is easily accessible via I-80 and US-11.
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. www.meridiancapital.com