Meridian Capital Group

Meridian Capital Group Arranges $40M Financing for Varenita of Simi Valley in California

July 22, 2022

SIMI VALLEY, Calif. — Meridian Capital Group has arranged a $40 million loan to refinance Varenita of Simi Valley, an assisted living and memory care facility in Simi Valley. 

The borrower is Griffin Living, which opened the property in April. Proceeds from the transaction repaid an existing construction loan and provided a return of capital to the owners while the community was still in lease-up.

A finance company provided the funds. Meridian’s Ari Adlerstein, Josh Simpson and Jesse Rauch negotiated the transaction.

Varenita of Simi Valley comprises 75 assisted living and 27 memory care units.

Featuring:
Ari Adlerstein
Senior Managing Director
Origination
(212)612-0174
[email protected]
Josh Simpson
Managing Director
Origination
(212)612-0243
[email protected]
Jesse Rauch
Vice President
Underwriting and Loan Placement
(646)502-3426
[email protected]
Read Article
Recent Articles | Back to News

New Orleans Construction Financing

Article
July 22, 2022

Empire Capital, partners close on $320M deal for 1330 Sixth Ave

Article
July 22, 2022

Empire Capital Scores $215M Loan for 1330 Avenue of the Americas Purchase

Article
July 22, 2022

The Nation’s Top Financiers Say ‘Hang on to Your Hats’ at CO’s Fall Finance Forum

Article
July 22, 2022

Why CRE's Capital Markets Freeze Is 'Upside-Down' From The Great Financial Crisis

Article
July 22, 2022

Slate Property Group and PCCP Buy Mixed-Use Building in Midtown for $38M

Article
July 22, 2022