Meridian Capital Group’s Senior Housing and Healthcare Team earned the top spot for healthcare originations as an intermediary in the Mortgage Bankers Association’s 2022 Annual Rankings. The platform, led by Ari Adlerstein and Josh Simpson, closed more than $6 billion in volume in 2022, including 145 debt transactions with 53 unique lenders in 30 states.
The team worked across a wide variety of financing types, with acquisition, construction, mezzanine, bridge, accounts receivables and capital expenditures financing a sample of completed deals closed in 2022. They also arranged financing for a broad array of property types, including skilled nursing, assisted and independent living, memory care, active adult, behavioral health, hospitals, and rehab facilities.
Notable transactions closed by the team in 2022 include a $319-million acquisition loan along with $31 million in AR financing from a commercial bank, finance company, and mezzanine lender for 18 skilled nursing facilities comprised of 2,185 beds in Florida; $120 million from a commercial bank along with a $7-million AR line to purchase two properties and refinance a third in New Jersey totaling 434 skilled nursing, 52 assisted living, and 18 memory care beds; and a $115-million loan from a commercial bank in addition to a $15-million AR line for the acquisition of 10 skilled nursing facilities consisting of 1,112 beds in California.