Meridian Capital Group

Meridian’s Senior Housing and Healthcare Team Arranges $500 Million in Financing in the First Quarter of 2019

April 03, 2019

April 3, 2019, New York, NY

Meridian Capital Group’s senior housing and healthcare team has arranged more than $500 million in financing for a combination of skilled nursing, independent living, and assisted living facilities through 17 transactions across nine states in the first quarter of 2019.

Led by Managing Directors, Ari Adlerstein and Ari Dobkin, and Senior Vice President, Josh Simpson, Meridian’s senior housing and healthcare platform has closed more than $6 billion in financing since the team’s inception in 2011.

Recently, the team arranged $126 million in acquisition financing and equity for a 14-property skilled nursing portfolio totaling 1,133 beds located throughout Indiana. The $96 million loan was provided by a finance company while the $30 million in equity was provided by an institutional investor.

The trio also arranged $90 million in acquisition financing for a 12-property skilled nursing portfolio in Virginia, in addition to $44 million in financing for three skilled nursing facilities totaling 396 beds in Ohio, and $41 million in financing for four skilled nursing facilities in New Jersey consisting of 628 beds.

Other recent transactions include a $15.4 million acquisition loan for the purchase of a 265-bed skilled nursing facility in Illinois along with $3.5 million in working capital, in addition to $6.5 million in financing to refinance a 99-bed skilled nursing facility in Ohio.

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 investment sales across all sub-asset classes of senior housing and healthcare properties.

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 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 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

Featuring:
Ari Adlerstein
Senior Managing Director
Origination
(212)612-0174
[email protected]
Ari Dobkin
Senior Managing Director
Origination
(212)612-0165
[email protected]
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