Meridian Capital Group

Meridian Capital Group Arranges $64 Million in Acquisition Financing for a Nursing Home and Assisted Living Portfolio in Massachusetts

December 28, 2016

Meridian Capital Group, America’s most active debt broker, arranged $64 million in acquisition financing for the purchase of a portfolio consisting of three nursing homes and one assisted living facility located in Massachusetts.

The two-year bridge-to-HUD loan, provided by a finance company, features full-term interest-only payments. This transaction was negotiated by Meridian Managing Director, Ari Adlerstein, Managing Director, Ari Dobkin, and Vice President, Josh Simpson, who are all based in the company’s New York City headquarters.

“Meridian negotiated a two-year bridge-to-HUD loan with full-term interest-only payments,” explained Mr. Dobkin. “Additionally, this acquisition financing includes a $5 million earn-out, making this an 90% loan-to-cost deal.”

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

Recent Articles | Back to News

BHI Lends $35M on Brooklyn Apartments Build

Press Release
December 28, 2016

Meridian Capital Group Releases Latest Activity

Press Release
December 28, 2016

Power Finance 2023: Ralph Herzka and Yoni Goodman

Press Release
December 28, 2016

Gregory Goldberg, Meridian Capital Group – Retail Leasing

Press Release
December 28, 2016

Seniors Housing Business: Capital Keeps Flowing in Uncertain Times

Press Release
December 28, 2016

Meridian Capital Arranges Acquisition Loan on Suburban Philly Offices

Press Release
December 28, 2016