Meridian Capital Group Arranges $16 Million in Acquisition Financing for a CCRC in Danville, PA

January 23, 2018

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 is America’s most active deal maker and one of the nation’s leading commercial real estate finance and investment sales firms. In 2017, Meridian closed over 3,000 debt transactions across more than 200 unique lenders and sold nearly $1 billion in commercial property. Since inception, the company has closed more than $300 billion in financing with the full complement of capital providers, encompassing local, regional and national banks, CMBS lenders, agency lenders, mortgage REITs, life insurance companies, credit unions and private equity funds. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, healthcare, student housing and self-storage properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com