Meridian Capital Group shot out of the gates in 2017, already with $175 million in closings to date. In addition to its impressive volume, the firm’s healthcare division, led by Ari Adlerstein, Ari Dobkin and Josh Simpson, showed off its variety, closing construction, mezzanine, bridge, balance sheet and asset-based loans for its clients. The largest of the financings was a $93 million loan to facilitate the acquisition of a 900-bed skilled nursing portfolio in the Northeast.
Meridian arranged three other acquisition financings, including $9.9 million for a 120-bed skilled nursing facility in Maryland, $3 million for a 230-unit senior living community (with independent living, assisted living and memory care) in Florida and a $4.9 million loan for a 113-bed Indiana SNF.
On the construction side, Messrs. Adlerstein, Dobkin and Simpson also closed a $20 million loan for a 104-bed assisted living community in Georgia and a $25 million loan for a 118-bed AL/MC development in Florida. It doesn’t stop there either, as Meridian has a strong pipeline slotted for the second quarter.
