Meridian Capital’s Latest Closing

The team at Meridian Capital Group popped over to the Bronx to close their latest transaction. Ari Adlerstein, Ari Dobkin, Josh Simpson and Isaac Lifshitz, all based in Meridian’s New York City headquarters, arranged a two-year $34 million loan to facilitate the acquisition of a 256-bed/120-unit assisted living community in the Bronx. The balance sheet loan, provided by a debt fund, is highly levered and will provide a large earn-out if the client achieves its operating goals. Built in the 1960s, the property was in the process of expanding its license, which was contingent on certain capital expenditure measures. Those plans went into effect post-closing, thanks to the team at Meridian.

 

 

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