Meridian Capital Group

Meridian’s Senior Housing and Healthcare Team Arranges More Than $955 Million in Debt and Equity Financing Year-to-Date in 2019

May 31, 2019

Meridian Capital Group’s senior housing and healthcare team has arranged more than $955 million in financing for a combination of skilled nursing, assisted living, and independent living facilities through 29 transactions across 18 states year-to-date in 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 $200 million in financing for more than 25 skilled nursing facilities totaling over 2,500 beds in various states as a bridge-to-HUD refinance transaction, $71.9 million in financing to recapitalize four existing skilled nursing facilities and to acquire three additional facilities totaling 864 beds in North Carolina and Kentucky, and $49 million in financing with a $2.5 million line of credit to recapitalize four skilled nursing facilities in Ohio.

The team also arranged $24 million in construction financing and $9.1 million in equity to build a 104-bed independent and assisted living facility in Arizona, $13.1 million in acquisition financing for three skilled nursing facilities totaling 327 beds in Wisconsin, $10 million in acquisition financing for a 173-bed independent and assisted living facility in Florida, and $4 million in financing for the cash-out refinance of a skilled nursing facility in Indiana.

Additionally, the trio arranged $11.6 million in financing to refinance three skilled nursing facilities and construct a fourth facility in Oklahoma totaling 281 beds and arranged $11.5 million in financing for the construction of a memory care facility totaling 60 units in California.

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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