Meridian Capital Group’s senior housing and healthcare team has arranged $210 million in financing for a combination of skilled nursing, assisted living, and continuing care retirement communities located in FL, MD, WI, MN, and NC.
Managed by Managing Directors, Ari Adlerstein and Ari Dobkin, and Vice President, Josh Simpson, Meridian’s senior housing and healthcare team has arranged more than $850 million in financing in 2018.
Recently, the team closed $210 million in financing, including a $60 million acquisition loan along with $15 million in working capital for five skilled nursing facilities totaling 607 beds located throughout Florida, in addition to another $6.8 million in acquisition financing with $700,000 in working capital for the purchase of a 104-skilled nursing facility also in Florida.
In Maryland, the team arranged $35 million in acquisition financing for the purchase of two skilled nursing facilities and the cash-out of a third facility; $32 million in acquisition financing for two healthcare facilities consisting of 263 skilled nursing beds and 25 assisted living beds; and arranged the $25 million sale of two skilled nursing facilities totaling 240 beds.
Mr. Adlerstein, Mr. Dobkin, and Mr. Simpson also recently arranged $9 million in financing for an 81-bed skilled nursing facility in Minnesota, which included a $2 million cash-out to refinance an existing loan, and a $4.2 million acquisition loan to fund the purchase of a 160-bed skilled nursing facility in Wisconsin.
The trio also arranged the $9.6 million sale of a 120-bed skilled nursing facility in North Carolina.
The specialists on Meridian’s senior housing and healthcare team have proven themselves as experts across a wide variety of financing types, including acquisition, construction, mezzanine, bridge and permanent as well as accounts receivables financing. To achieve outstanding outcomes for clients, the team works with a broad array of lenders spanning specialized banks, CMBS lenders, debt funds, life insurance companies, and agency lending platforms, in addition
to providing a broad array of advisory services such as equity capital markets and investmentsales across all sub-asset classes of senior housing and healthcare properties.
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